XXXLutz acquires a second-generation family-run furnishing company based in Porta Westfalica, operating approximately 140 locations across Germany, the Czech Republic, and Slovakia.
Photo: Dreamstime.
In addition to the porta brand (Porta Group), also includes Möbel BOSS, ASKO and Möbel Letz. After careful consideration, the porta owner families have decided to place their almost 60-year-old company in the hands of the XXXLutz Group. With responsibility for the life's work of the porta founders and, above all, responsibility for their employees, they are convinced that this will secure the future of the group of companies in the long term.
The sale is still subject to approval by the antitrust authorities. Both partners have agreed not to disclose the purchase price.
Paul de Jong, Managing Director of porta-Holding, explains: 'In XXXLutz, we have found a partner whose positioning and locations complement the porta Group well. We are convinced that the new company offers the best conditions for further joint development, especially in a tough competitive environment.'
As part of the takeover, the founding families Gärtner and Fahrenkamp are leaving the company. 'This step is not easy for the founding families, but is being taken in the conviction that it will secure the best development opportunities for the group of companies. The competitive environment, especially in the online furniture trade, requires not only high investments but also strong partnerships. With its strong omnichannel presence, XXXLutz is predestined to play a significant role in the market in the future,' emphasizes Paul de Jong.
'We are looking forward to welcoming our new colleagues in Germany, the Czech Republic and Slovakia. Together, we will counter the growing online trade and the harsh economic headwinds in our industry. We firmly believe in brick-and-mortar retail in combination with a strong online store. Customers like to get information online, but ultimately they want to be advised by expert staff in the furniture store and test and feel furniture and furnishings, especially for larger purchases,' says Thomas Saliger, company spokesman for the XXXLutz Group.
About XXXLutz
XXXLutz has grown steadily in the 79 years of its existence and is now one of the largest furniture retailers in the world with over 370 furniture stores in 14 countries (Austria, Germany, Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Romania, Bulgaria, Switzerland, Sweden, Serbia, Poland and Belgium)
The Group employs more than 27,100 people. With an annual turnover of 6 billion euros, the XXXLutz Group is one of the three largest furniture retailers in the world. In addition, it already operates 24 online stores in the XXXLutz, Möbelix and Mömax sales channels.
About Porta
In 1965, Hermann Gärtner and his partner Wilhelm Fahrenkamp, who died in 2017, built the first porta store in Barkhausen near Porta Westfalica, the nucleus of the group. From very small beginnings, they have turned the company into one of Germany's largest furniture retailers in almost 60 years.
The porta Group currently includes 26 large-scale porta furniture stores, two porta Küchenwelten in Berlin-Mahlsdorf and Leipzig-Paunsdorf, 95 stores of the omnichannel furniture discounter SB-Möbel BOSS, 22 furniture stores of the ASKO Group in the Czech Republic and Slovakia as well as the furniture retailer Möbel Letz in Saxony-Anhalt.
More information:
XXXLutz
[email protected]
www.xxxlutz.de