Recently, Damiani S.p.A, the founding family of the famous Italian luxury jewellery group, Damiani announced that it will increase to add 4 million euros in the capital of Venini S.p.A, a glassware manufacturer also from Italy. The Damiani family has been a major shareholder of Venini S.p.A since 2016. After the capital increase, the shares of Venini S.p.A held by the Damiani family will increase to 89%.

Guido Damiani, President of Damiani SpA, commented: “Our newly approved capital increase for Venini SpA is intended to further consolidate Venini SpA assets and to encourage Venini SpA to implement some new ideas and plans. For Venini SpA, the next primary goal It is to further settle in and seize the Asian market, in addition to the consolidation of the traditional Italian and American markets."

In the less than two years since the Damiani family controlled Venini S.p.A, the company's sales have increased by 30%, and operating margins have increased significantly. The €4 million increase in the Damiani family will be used primarily to support the commercial expansion of the Venini brand. It is worth mentioning that Venini S.p.A recently opened a boutique in Via Montenapoleone, Milan's famous luxury shopping street, Montenegro, and Ginza, Tokyo, Japan.

About Venini S.p.A

Founded in 1921 by Paolo Venini from Milan and Giacomo Cappellin from Venice, he is mainly engaged in the design, manufacture and sale of glass art decorations.

For more than 90 years, Venini SpA has collaborated with a number of renowned artists, designers and architects on a range of exquisite glass art, including Gio Ponti (a famous Italian architect known as the Pirelli Pirelli Tower) , Mimmo Rotella (Italian artist and poet), Carlo Scarpa (Italian architect), Alessandro Mendini (Italian architect and design critic, known as "the father of Italian postmodernist design"), Massimiliano Fuksas (Italian architect) , Gae Aulenti (Italian famous female architect), Peter Marino (a well-known American architect, once designed for famous luxury brands such as Louis Vuitton and Bulgari), Ettore Sottsass (Italian architect), Tadao Ando Ando Tadao (known in Japan) Architects) and Ron Arad (Israel Architects).

About Damiani S.p.A

Founded in 1924 by Enrico Grassi Damiani, the company is headquartered in Valenza Valenza, northern Italy, and is principally engaged in the design, manufacture and sale of jewellery and luxury timepieces, with 49 independent brand stores and 1,500 retailers worldwide.

(Source: JJgle.com)