Established in Forlì in 1995, poltronesofà has now become the leading brand in Italy in the production and sale of sofas and armchairs, with a wide range of products handmade in Italy. Fabric sofas are produced in the Forli and Faenza districts, while leather sofas are produced in Apulia.
Since the opening of the first shop in Parma 25 years ago, availability and capillarity have been the cornerstones of the service offered: the sales network has undergone continuous development and now counts more than 270 single-brand stores in Europe, of which 164 are in Italy, 91 in France, 1 in Malta, 2 in Cyprus, 8 in Switzerland and 13 in Belgium.
The group has over 1,500 employees, and more than 3,500 sofas are produced every day.
ScS is a home furnishings retailer in the United Kingdom with over 100 stores specialising in sofas, carpets and flooring, dining and occasional furniture.
The Group is a is a London Stock Exchange Main Market listed company founded in the 1890s as a family-owned business in Sunderland.
On 24 October 2023, the boards of Cerezzola Limited (BidCo), a newly incorporated wholly-owned subsidiary of Poltronesofà S.p.A and ScS Group Plc announced that they had reached agreement on the terms of a recommended Cash Offer by BidCo to acquire the entire issued and to be issued ordinary share capital of ScS Group.
Publication of the Scheme Document
The Perivan shareholder communications team was delighted to work with Shore Capital who acted as Financial Adviser and Broker and Ward Hadaway who acted as legal adviser to ScS Group on the production of the Scheme and associated and ancillary documents, which were successfully published and posted to qualifying shareholders on 29th October 2023.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.