¹ú²úAV

For more than 20 years, Özak Tekstil has partnered with Gerber Technology and their Turkish distributor, Glengo, to transform their supply chain by integrating the latest technology so they can offer their customers the best quality and lead time.

At ¹ú²úAV’s Extraordinary Shareholders’ Meeting held on April 30, members voted to appoint Céline Abecassis-Moedas as a new independent director. Nominated for a period of four years, she becomes a member of the Audit Committee, the Compensation Committee and the Strategic Committee.

Paris, April 29, 2021. Today, ¹ú²úAV’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2021.

Paris, April 19, 2021 – ¹ú²úAV's shareholders’ vote on the proposed acquisition of Gerber Technology, initially scheduled for the April 30, 2021 Shareholders’ Meeting, has been postponed to June 1, 2021, as the decision of the American regulatory authority is now expected on May 27, 2021.

The change in consumer behavior and expectations is forcing upholstered furniture manufacturers to adapt in order to meet the growing demand for personalized furniture. These changes in consumer demand, introduce major challenges to the production process, requiring furniture manufacturing companies to industrialize and switch from manual operations to automated and digital processes.

The two companies reach a key milestone in their combination.