TALEA GROUP S.P.A. (Alliance News) - Talea Group Spa on Wednesday announced that it has acquired the availability of the "Farmahome" and "Superfarma" brands.
Riccardo Iacometti - founder and CEO of Talea Group - commented, "The entry of Farmahome and Superfarma into the Group, on the one hand, testify to our will? to continue to grow and invest and, on the other, are a further step in the path of consolidating the growth strategy by external lines. The two new brands are joined by the recent acquisitions over the past six months of Gooimp, Mood Concept Store and
Doc Peter, bringing the number of acquisitions to five in 2023."
"Thanks to a broad product offering and the high level of loyalty that both brands have managed to build, Farmahome and Superfarma enable us to gain important new market share. The excellent volumes in the market combined with our proven track record of accelerating the growth of e-commerce platforms will enable both to achieve brilliant results in a short time, while optimizing costs and increasing economic strength."
"We believe that this M&A strategy, coupled with a strong push on Talea Media's new Industrial line of business ? which we expect will have a positive impact, both on revenues and margins, starting next year ? accompanied by prudent cost management through greater enhancement of the Group's strategic assets such as logistics, purchasing and marketing, can enable Talea Group to also accelerate the achievement of the targets of the Business Plan to
2025," Iacometti concluded.
Talea closed Tuesday's session 1.0 percent in the red at EUR8.20 per share
By Maurizio Carta, Alliance News reporter
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