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FONTANA ARTE

ItalianCreationGroup, a Milan-based company which owns various Italian luxury brands, has made two new acquisitions and has launched a capital increase to fuel further growth. It has acquired FontanaArte – the renowned Italian design firm founded in Milan in 1932 by Gio Ponti and Luigi Fontana – and the upscale boutique bathroom furniture company Toscoquattro.

Stefano Core, CEO and co-founder of ItalianCreationGroup said that with these moves the company has concluded the first phase of its strategy to acquire high-end companies that best represent the “Made in Italy” label. ItalianCreationGroup was founded in 2013 by Mr. Core together with Giovanni Perissinotto, a former chief executive of Italy’s Generali insurance group who now serves as chairman of ItalianCreationGroup.

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