Furniture megastore chain XXXLutz bosses have described the firms upcoming expansion to Sweden as an “emotional highlight”.The Wels-based company will open its first shop in the homeland of global market leader Ikea next month. Around 300 staff will find work in the 25,000-square-metre store in the southern city of Malmo from 4 November.Thomas Saliger, the […]
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Furniture trade flourishes
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The Austrian furniture retail trade grew for a sixth year in a row in 2009, a market analysis expert has revealed.RegioPlan official Michael Oberweger announced today (Thurs)that the sector managed to increase turnover by 1.6 per cent last year compared to the 2008 business figures.Oberweger said he expected the furniture retail sector to grow by […]
XXXLutz in 200mn Lesnina deal
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Austrian furniture megastore chain XXXLutz has coughed up around 200 million Euros to snatch up a Slovenian competitor, it has been claimed.Business dailies report today (Thurs) that XXXLutz which has around 17,000 employees transferred between 150 and 200 million Euros to Lesnina owners to take over the company in full.Bosses at the company […]
XXXLutz ‘eyes Croatian properties’
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Furniture megastore chain XXXLutz is considering taking over commercial sites in Croatia, according to local press.The Croatian Times reports today (Thurs) that the Upper Austrian firm with headquarters in Wels was one of possible buyers of estate in the cities of Zagreb, Rijeka, Osijek and Pula owned by broke firm Pevec.Darko Sketa, who handles the […]