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Stock market: Poltrona Frau, the stock soars after the news of the project for the Hotel Gallia

The news of the renovation project of the Hotel Excelsior Gallia in Milan immediately sent the headlines of Poltrona Frau flying in Piazza Affari: +2,87% by mid-morning.

Stock market: Poltrona Frau, the stock soars after the news of the project for the Hotel Gallia

The news of the renovation project of the Hotel Excelsior Gallia in Milan immediately sent the headlines of Poltrona Frau flying in Piazza Affari. The highly prestigious hotel in the center of Milan has in fact chosen the Poltrona Frau Group to design its new look: the project, entrusted to Cassina Contract (a subsidiary of Poltrona Frau), has a value of over 10 million euros and will see the complete renovation of the interior design, with the development of custom-made furniture.

Poltrona Frau will invoice part of the proceeds from the operation already in the second half of this year. Dario Rinero, CEO of the group, declared that "the project will make an important contribution to the development of this year's Contract". From Gallia to Piazza Affari, then, the distance is minimal. And in fact, by mid-morning the stock had managed to gain 2,87% on the Milan Stock Exchange.

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