Palazzetti

In 2009 the $13 Billion office furniture market's revenues declined 30%. With the market recovery there are opportunities for new firms to enter & consolidate.

  • Stage Full Product Ready
  • Industry Other
  • Location Sarasota, FL, US
  • Currency USD
  • Employees 4
  • Website palazzetti.com

Company Summary

In 2009 office furniture sales plummeted 29.7% causing financial chaos within manufacturers & distributors. With the $13B market recovering, opportunities exist for new, nimble companies to capitalize on this still fractured market. Initially we are relaunching Palazzetti - historically an importer/retailer of modern residential furniture - as a vibrant office furniture company supplying contemporary seating & tables to this 40% market segment.

Team

  • Eric Smith
    CEO

    Smith has served as CEO of several successful companies including 14 years at Howe Furniture where he led its growth from $14m to $50m and strategic sale to CFGroup. Smith has led the acquisition/integration & divestiture of 6 companies. Smith is an advocate of employing industrial design to develop market disrupting products. Smith has an MBA from IMD in Lausanne Switzerland and has worked/lived in Europe as well as developed markets in Asia.

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