Suche
Mein Konto
XXXLutz acquires eleven closed Kika/Leiner locations in the region
The XXXLutz Group acquires eleven former Kika/Leiner locations from the Supernova Group. Find out more about this important step in the furniture trade!
XXXLutz acquires eleven closed Kika/Leiner locations in the region
The Supernova Group, led by Frank Albert, has taken a significant step in the business world by selling eleven previously closed Kika/Leiner locations to the XXXLutz Group's SAR Leasing GmbH. This happened recently and could have a significant impact on the local business scene.
The Kika/Leiner chain ran into payment difficulties a few years ago, which led to the closure of several branches. Many of these locations have been empty for a long time, waiting for new use. The sale by the Supernova Group could now usher in a new era for these locations.
Details about the locations
The locations that were sold are located in different regions and once played a central role in the furniture trade. With this purchase, the XXXLutz Group plans to potentially repurpose the space and realign the business concept to improve the profitability of the former Kika/Leiner stores.
The purchase of these closed locations is not only an opportunity for the XXXLutz Group to strengthen its market position, but also an opportunity to create new jobs should they actually be reopened and converted. However, it remains to be seen what strategies XXXLutz will pursue to successfully revitalize the potential locations. More information about this can be found here be read.
The sale was followed with great interest in the industry as it shows a trend towards consolidation in the furniture trade. At a time when many retailers are struggling with changing purchasing habits, such acquisitions of closed locations could represent a way to redistribute market share.