post-image

‘I can’t believe we’re not a brand’ – ‘I have never seen anything like this’

Our work

The man who founded the biggest design firm in the world has been arrested in Italy for allegedly buying an unlicensed design studio.

The firm was created by Alessandro Sestri and his wife Luca.

It is believed the firm, known as Toto Design, had a portfolio of more than 500 clients and the firm had a turnover of more then €300 million ($375 million) between 2007 and 2014.

However, Mr Sestris has been detained by Italian police and has now been charged with illegal acquisition.

It was alleged that he bought the design studio, which is located in the southern city of Pisa, and used it to create a new firm, Toto Group, which employs about 20 people, and was founded in 2010.

The Italian company is a leading Italian brand in design, as well as the biggest designer firm in Europe.

Mr Sestrio is the head of the Milan-based company.

It said that the firm has been cooperating with authorities and has made arrangements for Mr Sistri to be arrested.

“It’s true that he has been ordered to pay a fine of up to 5,000 euros, but that’s only for the time being,” the company said in a statement.

“We’re committed to the rule of law and the respect of the law.”

It added that the charges against Mr Sastri were “completely unjustified”.

Toto Group has denied the allegations.

Mr Luca Sestriano, who is also the founder of the design firm, told local news agency ANSA that the arrest of Mr Sesterri is a sad day for Italy.

“I am deeply sorry, but I can’t even believe we are not a firm,” she said.

“There is nothing else to do than take this step.”

Tags:
,