Veneta Cucine acquired the control of Veneta Cucine France, a distributor that has operated throughout French territory since 2013, with a network of 50 single-brand stores and a turnover of 48 million euros.
International development was carried out thanks to the support of NB Aurora, a permanent capital fund specialising in the acquisition of minority stakes of non-listed companies that are leaders in their specific markets, which in 2021 acquired 30% of Veneta Cucine’s capital with the aim of supporting growth on foreign markets. Now, the industrial development objective is to open 100 single-brand stores on French territory by 2025 in order to gain considerable competitive strength against other large groups controlling the same market.
Congratulations also came from the Governor of the Veneto Region (Italy), Luca Zaia: «My congratulations for this major operation by Veneta Cucine: a landmark in terms of production, an identity we are proud of, not only because it bears the name of our region, but also because it is a source of employment, innovation and research in the furniture and kitchen industry confirming its status as a leading company on this particular market. Through this transalpine operation, by acquiring this French enterprise, Veneta Cucine shows foresight and a commitment to local areas.»
