(Alliance News) - SG Company Spa announced Friday that new CEO Fabrizio Parisi has joined the top management of its wholly owned subsidiary, Double Srl, and has implemented a new business line related to meeting and event space rental.

Fabrizio Parisi, a graduate in industrial design from the Milan Polytechnic, is the founder of the creative hub Superbello reality composed of a group of communication professionals who develop and integrate new technologies for digital events, video production and web development, and co-creator of Diabethon, a live streaming digital marathon in support of all people with Type 1 Diabetes, promoted by the Italian Diabetes Foundation Onlus.

Parisi, the company explains in a note, will bring its business and clients from the average value over the past three years of about EUR300,000 into Double's perimeter. The new Double will also see the entry of other professionals that will allow a reduction in external production costs to the benefit of an operating margin that should be around 30 percent on average.

SG Building stems from the pursuit of one of the strategic lines announced in the 2021-2023 Business Plan, which envisages business development also through additions to the mix of products offered, so as to ensure growing profitability in the coming years and to guarantee customers an increasingly comprehensive offer.

Regarding the new line of business, SG Company is opening the doors of the SG Building, the company's headquarters and historic Art Nouveau building located at Piazza Guglielmo Oberdan 2/A in Milan, directly overlooking the Bastioni di Porta Venezia.

The venue, the company explains in a note, offers three floors at complete disposal for the organization of small or large events, both indoor and outdoor, thanks to more than 400 square meters of indoor spaces and two large terraces. The leasable spaces include meeting rooms of different sizes, "The Terrace," a terrace on the second floor surrounded by greenery and historic buildings, and "Cherry on Top," the terrace located instead at the top of the building, covered almost entirely by a transparent and temporary geodesic structure, equipped with appropriate technical equipment to meet the needs of different types of events. To complete the offer of the new SG Building, the construction of the "P-Hub," a space designed specifically for food&beverage, which can be used during breaks or as a support for catering during events, is also being completed.

The first guest of the SG Building will be POINT S Italia - Point S: Auto Rims, Mechanics and Tires Maintenance, Tires-, a company that has been active in the automotive sector for more than 50 years, which on January 26, 2023 will hold in the spaces of SG Company SB the first edition of the "POINT S AWARD" event, organized in collaboration with Sinergie.

For the management of the location SG Company SB signed an agreement with NonSoloLoft, a company active since 2008 in finding exclusive and unique spaces for events, shootings, fashion shows and much more.

SG Company, Friday, is flat at EUR0.27 per share.

By Chiara Bruschi, Alliance News reporter

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