MILAN — The New York Stock Exchange has allowed high-end Italian design furniture firm Natuzzi to remain listed on its composite index, after accepting its plan to regain compliance with its listing standards.
It also came to an agreement on Tuesday with trade unions over reducing its staff in order to fortify its business
In a statement on Friday, the Bari-based firm said it received notice from the NYSE in January, stating that its 30 trading-day average market capitalization and its last reported stockholders’ equity as of Sept. 30, 2025, were each below $50 million, and therefore no longer in compliance with NYSE’s listing standards. On April 6, the firm submitted its compliance plan. Natuzzi is listed on the New York Stock Exchange under the ticker NTZ.
More from WWD Trade Union Woes In a key move, Natuzzi gained clarity on its future after reaching an agreement with Italian trade unions over its crucial 2026-28 industrial plan. Italy’s Labor Ministry said the plan would boost productivity and efficiency in the face of a drastic decline in purchases and in the markets where Natuzzi is most active. The plan also involves a 50 million euro investment.