A German children's furniture manufacturer has welcomed a new CEO and secured capital for expansion. Daniel Barth, a consumer goods expert with experience revitalising international premium and luxury brands, has assumed the CEO role, while former founder Dr. Martin Funcke retains a stake and continues as an advisor.
© Pinolino | Executive Interim Partners (EIP)
Daniel Barth is the new CEO of Pinolino.
The investment for the company, Pinolino, comes from Munich-based private equity firm Executive Equity Partners (EEP), which specialises in supporting medium-sized companies in transformational situations. EEP also provides access to Executive Interim Partners (EIP), offering C-level interim management and active involvement in the investment.
Barth has previously led the plush toy manufacturer Steiff Beteiligungsgesellschaft mbH and a leading premium bed company. The new leadership team plans to stabilise sales and boost earnings through product innovation, enhanced key account management, and expansion of e-commerce channels.
Funcke said the company aims to "improve in some areas" while continuing to target quality- and sustainability-conscious customers. He added that the expertise of EEP and Barth will help strengthen online operations and efficiency, positioning the brand for sustainable growth in a competitive market.
Source: www.moebelmarkt.de
