More than 140 locations affected: Furniture group XXXLutz takes over Porta

Welt

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It is the biggest deal in the history of the German furniture trade: XXXLutz wants to take over competitor Porta with 140 locations. The German number two would thus advance into new dimensions. There is sheer horror in industry.

Kronen Zeitung

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While competitor kikaLeiner in Austria is taking advantage of customers with the final clearance sale of its stores due to insolvency, XXXLutz is continuing to expand its furniture store empire. The retail giant from Upper Austria took over the Porta Group from Germany, including 140 locations. "We are looking forward to our new colleagues in Germany, the Czech Republic and Slovakia," says XXXLutz spokesman Thomas Saliger on the occasion of the …

Novinky.cz

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Austrian furniture chain XXXLutz is taking over the German Porta group and with it approximately 140 branches in Germany, the Czech Republic and Slovakia. The companies announced this in a joint press release on Tuesday.

der Standard AT

Salzburger Nachrichten

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stol.it

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austria.com

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The Austrian furniture retailer buys the German group with 140 locations in Germany, the Czech Republic and Slovakia

Frankfurter Allgemeine

Badische Neueste Nachrichten

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inFranken.de

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epochtimes.de

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An exciting deal is looming in the furniture industry: The XXXLutz Group wants to buy a major competitor. The Federal Cartel Office still has to give its approval. The furniture industry fears market power.

n-tv.de

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There is a major takeover in the furniture industry. The Austrian group XXXLutz wants to take over the competing Porta Group. The employees are to keep their jobs.