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government-trade
government-trade

Gucci to Acquire Tableware Firm

A Florence court has approved the company’s offer to take control of Italy’s historic luxury tableware and ceramics firm Richard Ginori 1735 SpA.

MILAN — Gucci said Monday a Florence court has approved the company’s offer to take control of Italy’s historic luxury tableware and ceramics firm Richard Ginori 1735 SpA, which had been declared bankrupt in January.

Gucci has made an offer of 13 million euros, or $17.7 million at current exchange, and pledged to keep 230 employees.

Patrizio di Marco, chairman and ceo of Gucci, is expected to hold a press conference at noon on Tuesday at the brand’s Milan offices to reveal future strategies and objectives of the operation.