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Nowy Styl Group awarded for its global success

Growing activity of Nowy Styl Group on Middle East market has been appreciated by the business environment. The Group has won the prestigious "European Leadership Award" for creation there a new brand called Stylis.

12 04.2018

The "European Leadership Awards" competition is the initiative of Executive Club – an elite club gathering together the top managers of the most influential companies, and setting development trends for the Polish economy. Laureates are chosen in several categories, including innovation, visionary character and personality. One of this year's statuettes went to Nowy Styl Group, which was the winner of the "Global Success Leader" category.

The jury of the competition appreciated the acquisition made by the company at the beginning of 2018. In January, Nowy Styl Group's Management Board signed a contract, on the basis of which the company purchased the majority of the shares belonging to the company Stylis Dubai. As a result, Nowy Styl Group strengthened its presence in the Middle East where the company's products have been sold for a few years, and engaged in a new sector connected with furnishing luxurious hotels.

The awarded company sells its products to over 60 countries around the world, and produces eight million pieces of office furniture a year, which I can hardly imagine ‒ said Piotr Kroenke, General Director of Globe Trade Centre S.A., when presenting the laureate. His words also highlighted the meaning of the Group's recent investment in the Middle East.

The award ceremony was held in Warsaw on Monday, 9th April. It was part of the 6th edition of the European Executive Forum – an international congress gathering together experts in the fields of business and science. The "Global Success Leader" statuette was collected by Adam Krzanowski, President of Nowy Styl Group's Management Board. ‒ Thanks to our recent acquisitions in Germany, Switzerland, the Netherlands and, now, in Saudi Arabia, we have extended the offer of our products and services, which has strengthened our leadership in the furniture industry ‒ he said.

‒ According to our calculations, the transaction should bring us a 10‒20 million Euro increase in sales annually ‒ claims Rafał Chwast, Vice-President and Financial Director at Nowy Styl Group. Moreover, the Management Board believes that the strong international team and successful project implementations in the region of the Persian Gulf will help the Group continue its expansion to Africa or India.

The "Global Success Leader" title is another prestigious award received by Nowy Styl Group recently. Over the last few years, the company was appreciated for its management skills, design and working conditions. Experts are also impressed by the activities undertaken by Adam Krzanowski. In 2014 he was chosen the "EY Entrepreneur of the Year," while in February he was given the "Personality of the Year" title by the magazine Meble Plus.

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