WM Holding GmbH, a company of the XXXLutz Group, is taking over Conforama France - subject to the approval of the French competition authority. WM Holding had already taken over the French furnishing chain BUT in 2016. Both BUT and Conforama are to be run separately from each other and operate independently on the market. With a turnover of more than EUR 2 billion, Conforama is number 2 in France, BUT is number 3 with a turnover of EUR 2 billion. Through the takeover, the XXXLutz Group will become the market leader in France, overtaking Ikea.
New from Carpet! Magazine: The free online newsletter. Don‘t miss any news from the industry and sign up today: Sign up for the free newsletter