By  on February 5, 2014

Haworth Inc. has taken a 58.6 percent stake in Italy’s high-end furnishing company Poltrona Frau SpA from shareholders Charme Investments Ltd. and Moschini Srl, with plans to launch a public tender offer and delist the firm.

Italian equity fund Charme, which previously held a 51.3 percent stake in Poltrona Frau, also controls luxury knitwear brand Ballantyne.

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