Italtile shares plunge: Giovanni Ravazzotti loses $83 million in just 8 weeks
Despite the decline, Ravazzotti remains a key player in South Africa’s retail and manufacturing sector.
Italtile Limited
Giovanni Ravazzotti’s Italtile shutters stores as crime surges in South Africa
It has urged the government to take action, saying that crime has not only affected its operations but also increased costs related to security.
South African businessman Giovanni Ravazzotti’s stake in Italtile slumps below $500 million
This adds to an earlier loss of $46.83 million between Jan. 1 and 13, when his stake in Italtile dropped from $551.82 million to $504.99 million.