The Swiss entrepreneur Dan Mamane is leaving the furniture store after only two and a half years. XXXLutz, in turn, is expanding its market position in Switzerland with the deal. In 2020, Lutz had already taken over Conforama in France together with a US investor.
XXXLutz entered the Swiss market in September 2018 with its own furniture store. The first location was a 15,000 square meter shop in Rothrist. After taking over Möbel Pfister in 2019, XXXLutz also bought six Interio stores from Migros in 2020 and converted them into Mömax stores. A year ago, the company further expanded its Swiss presence with the acquisition of Lipo.
Dan Mamane acquired Conforama on July 31, 2020 from the South African Steinhoff Group. In December 2021 – as has now become known – he had already assigned part of the share capital to a company belonging to the XXXLutz Group. Conforama currently operates 20 branches in German-speaking Switzerland, French-speaking Switzerland and Ticino and employs 1,200 people. The western Swiss business magazine “Bilan” first reported on the sale.
more from economy
Butter, pasta, handkerchiefs: “Price increases continue to go through the roof”
AK calls for protection against dismissal for sick employees
Vienna Airport: “Successful Comeback of Aviation”
Bundesforste boss on gas drilling: “Are only passengers in Molln”
My themes
For your saved topics
found new items.
info By clicking on the icon you add the keyword to your topics.
info
Click on the icon to open your “My Topics” page. They have of 15 tags saved and would have to remove tags.
info By clicking on the icon you remove the keyword from your topics.
Add the theme to your themes.
Source: Nachrichten
