Zsolnay buyer planning expand product palette

Bachar Najari, Syrian-born businessman with ties to Hungary and Switzerland, plans to expand the product palette of Zsolnay Porcelánmanufaktúra, a porcelain maker with a long and rich tradition that he recently acquired from the local council of Pécs.

Najari said at a press conference in Pécs on Friday that he also plans to open more Zsolnay brand shops in Hungary as well as make changes to the companyʼs management. Three Zsolnay brand stores are expected to open in the capital as well as at two more venues in Pecs, he said.

Najari, who sells luxury watches in Hungary, acquired the 74.5% stake in Zsolnay in February, in a tender called by the local council. He paid HUF 180 million for the shares and promised to invest a further HUF 500 million in the company to restore it to its former glory.

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.