Pettenon Cosmetics has achieved an impressive 70% of its revenue from overseas markets, with its products exported to 114 countries.
According to reports, this transaction does not include the Pal Zileri brand, which is still fully controlled by the Qatari fund Mayhoola.
This building was originally commissioned by Georges Vuitton, the son of Louis Vuitton’s founder.
The Group expects turnover to return to pre-COVID-19 levels in 2023, thanks to investments in products and customer relationships.
Tamburi holds stakes in over 30 portfolio companies.
Apart from his exploits on the football field, Cristiano Ronaldo is also an avid watch collector.
This transaction is part of Pernod Ricard’s proactive portfolio management strategy.
Currently, Morellato Group’s brands are present in over 40 countries, with a strong focus still centered in Europe. However, in the coming years, the company’s priority will shift towards the Middle East and further attention will be given to the United States and China.
The sales in the UK market specifically experienced a decline of 10%.
According to the report, Chinese high-spending consumers exhibit a willingness to spend that is 50% higher than the global average.