Report of Foreign Issuer (6-k)
July 27 2018 - 10:26AM
Edgar (US Regulatory)
Securities
and Exchange Commission
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Issuer
Pursuant
To Rule 13a-16 Or 15d-16
Of
The
Securities
Exchange Act of 1934
For the month of
JULY
2018
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Commission File Number 1-11854
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NATUZZI S.p.A.
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(Translation of registrant's name
into English)
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Via Iazzitiello 47
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70029 Santeramo, Italy
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(Address of principal office)
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Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form
20-F
⊠
Form 40-F
⃞
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934. Yes
⃞
No
⊠
If "Yes" is
marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Natuzzi
S.p.A. Announces Closing of the Joint Venture with Kuka Furniture
(Ningbo) Co., Ltd. (“Kuka”)
SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--July 27, 2018--Natuzzi
S.p.A. (NYSE:NTZ) (the “Company”) announced that completion of the
transactions contemplated by the joint venture agreement between the
Company and Kuka took place today (the “Closing”). Kuka is a
wholly-owned subsidiary of Jason Furniture (Hangzhou) Co., Ltd., to
which all of the rights, obligations, and liabilities of Jason Furniture
(Hangzhou) Co., Ltd. under the joint venture agreement signed with the
Company on March 22, 2018 were transferred.
As a result of the Closing, the Company’s wholly-owned Chinese
subsidiary, Natuzzi Trading (Shanghai) Co., Ltd. (“Trading Co.”) has
become a joint venture in which each of the Company and Kuka now owns a
49% and a 51% stake, respectively. Kuka invested €65 million to acquire
its stake in Trading Co.
As already disclosed, this partnership is aimed at expanding the
Company’s retail network in Mainland China, Hong Kong and Macau (the
“Territory”). Trading Co. will distribute the
Natuzzi
Italia
and
Natuzzi Editions
branded products through a
network of single-brand directly operated stores and franchised operated
stores in the Territory, as well as through online stores.
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About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy’s largest
furniture house and one of the most important global player in the
furniture industry with an extensive manufacturing footprint and a
global retail network. Natuzzi is the Italian lifestyle best-known brand
in the furnishings sector worldwide (Brand Awareness Monitoring Report -
Ipsos 2016) and has been listed on the New York Stock Exchange since 13
May 1993. Always committed to social responsibility and environmental
sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality
and Environment), OHSAS 18001 certified (Safety on the Workplace) and FSC
®
certified (Forest Stewardship Council).
------------------------------
About Kuka
(Kuka Furniture (Ningbo) Co., Ltd. Holding company)
The company is originated from a carpenter workshop founded in 1982. Now
it is one of the largest upholstery furniture manufacturers and
retailers in China. The company is mainly engaged in research, design,
production and sales of the middle and middle-high upholstery furniture
used in living room, dining room and bedroom. It has three major
manufacturing bases in China, more than 3000 mono-brand stores in China
and overseas, providing the high-quality products and services for the
global families.
------------------------------
CONTACT:
NATUZZI INVESTOR RELATIONS
Piero Direnzo, tel.
+39.080.8820.812
pdirenzo@natuzzi.com
or
NATUZZI
CORPORATE COMMUNICATION
Vito Basile (Press Office), tel.
+39.080.8820.676
vbasile@natuzzi.com
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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NATUZZI S.p.A.
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(Registrant)
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Date:
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JULY 27, 2018
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By:
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/s/ Pasquale Natuzzi
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Pasquale Natuzzi
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