top of page
Search

XXX Lutz is buying five Kika stores in Slovakia

  • Writer: Vladimír Dohnal
    Vladimír Dohnal
  • May 27, 2019
  • 1 min read

Austrian furniture retailer XXX Lutz is buying 22 stores of its competitor Kika in Slovakia, Hungary, Czechia, and Romania from company Signa (Rene Benko). The price was not disclosed. Signa took over Kika for a symbolic sum last year and wants to focus on its local Austrian market. XXX Lutz aspires to become the market leader in every country where it is present. In Slovakia, XXX Lutz has seven stores under the Möbelix brand that had €47.6m in sales in 2017. Kika has five stores in Slovakia that had €36.7m in sales last year.

Recent Posts

See All
Strong labor market

Slovakia’s employment rate  among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...

 
 
 

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Copyright  © 1994 - 2025   Symsite Research         All rights reserved.

bottom of page