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Thun buys 100% Connecthub and opens up to the M&A market

2020-07-23T17:33:28.288Z


Thun, a historic South Tyrolean ceramic production company, purchases 100% of Connecthub, an Italian company that supports the digital evolution of companies, and constitutes a new strategic group open to the market with a view to collaborating with other brands and future acquisitions. The transaction, which sees the Thun family wholly holding the Thun Group, is part of the 2019-2024 industrial p...


Thun, a historic South Tyrolean ceramic production company, purchases 100% of Connecthub, an Italian company that supports the digital evolution of companies, and constitutes a new strategic group open to the market with a view to collaborating with other brands and future acquisitions.
The transaction, which sees the Thun family wholly holding the Thun Group, is part of the 2019-2024 industrial plan which envisages a significant path of internationalization and omnichannel development. "The establishment of the strategic group opens up new scenarios and confirms the desire to grow outside our universe," says Simon Thun, third generation entrepreneur and vice president of Thun Spa, now also vice president of the newly formed group. For the company, this is an "important step that reflects our trust in the future and the desire to create the conditions for sustainable development and long-term financial strength of the group companies, which base their strategies on creativity and l "technological innovation. The growing relationship between companies and the group's omnichannel strategic platform will allow further synergies and generate new opportunities for expansion".
The new group now has 918 people, 84% of whom are women, for an average age of 35 years, and contains three souls: the retail one represented by the Thun brand, renowned for its little angels and gift items; advanced logistics with Connecthub, an Italian digital and logistics full enabler omnichannel that supports companies in the digital innovation process and which will play a fundamental role in strengthening the group's omnichannel strategy; digital with the incorporation three years ago of a company, under the hat of Connecthub, which develops innovative integrated strategic solutions for the market but also for the brands of Thun. "The goal of the new structure is to affirm a clear governance and a solid omnichannel corporate structure that makes strategies, resources and the best skills for developing activities globally available to the various organizational units (gift & home decor, digital innovation, logistics platform) ", explains Thun CEO, Francesco Pandolfi, which from today also assumes the task of guiding the strategic development of the group. "In the future, assessments of new distribution opportunities and the acquisition of other brands consistent with the group's strategic objectives cannot be excluded." In addition to the already well-known collaborations with international brands, such as Disney and Warner Bros, Thun has recently entered the world of jewelry through a multi-year licesing project developed with the Danish brand Trollbeads.
The establishment of Thun Group "as well as promoting organic growth and improving the profitability of the companies involved, will offer vision, value and an integrated omnichannel platform - concludes Simon Thun - capable of incubating projects, distribution lines and new realities, combining solid know-how and experience in multi-brand retail, digital solutions for distribution and advanced logistics services, with the aim of accelerating international development through new partnerships, benefiting from new skills and synergies between companies strengthening the logistical and digital infrastructure to support internal business and third parties ".

In collaboration with:
Thun

Source: ansa

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