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Long-serving CEO of Venetian Textile Firm Rubelli Passes Reins to Sons
Yahoo Finance· 2025-09-23 13:53
Core Insights - Rubelli is enhancing its presence in the contract sector, focusing on luxury and hotel projects [1][7] - Alessandro Favaretto Rubelli has passed control of the company to his sons, Nicolò and Andrea, marking a generational transition [2][3] - The company is finalizing its strategic plan for 2026 to 2028, emphasizing high-quality furnishing fabrics and wall coverings [6] Management Structure - Nicolò will oversee sales, marketing, and collection development, while Andrea will manage production, purchasing, logistics, and IT [3] - Marco Frizziero is now the chairman of the board, which includes family and non-family members [5] Strategic Focus - The strategic plan aims to strengthen the contract sector and add new roles for governance [7] - The home division, launched in 2015, has established relationships with notable Italian designers [8] Legacy and Future Plans - Alessandro Favaretto Rubelli expressed a commitment to keeping the company within the family despite offers for acquisition [9] - The firm is not actively seeking outside investors but remains open to opportunities [9]