Following up on the press releases issued on 19 and 25 September 2023, Italian Design Brands S.p.A. (“IDB”), diversified industrial group among the Italian leaders in high-end design, announces that the transaction for the acquisition of Turri 2k S.r.l. (“Turri” or the “Company”), the company that controls Turri – The Italian way to beauty, a historic brand operating in the high-end furniture sector, was finalized today.