Westwing increases earnings and strengthens profitability

Westwing closed the 2024 financial year with a 4% rise in revenue to EUR 444 million. Adjusted EBITDA increased to EUR 24 million, corresponding to a margin of 5.4% (previous year: 4.1%). Despite a challenging market environment, the company significantly improved its margins – driven by efficiency gains, an updated product assortment and stronger premium positioning.

Otto grows faster than the market

In the 2024/25 financial year, Otto increased its GMV by 9% to over €7 billion. Revenue according to IFRS (International Financial Reporting Standards) rose by 5% to €4.4 billion. Key growth drivers were Otto’s own retail business, the marketplace (up 24%) and Otto Advertising (up 25%).

Siawosch U. Azadi passes away at the age of 89

The rug industry mourns the loss of Siawosch U. Azadi, a widely respected expert in antique and traditional carpets, who has passed away at the age of 89.Azadi began his career in the 1960s, dealing in old and antique rugs in both wholesale and retail. He gained international recognition not only for his deep knowledge of the trade, but above all for his scholarly contributions.

Kibek Hanau reopens – Relaunch with a modern store concept

After eight months of closure due to storm damage, Kibek reopened its refurbished Hanau branch on 20 March 2025. Covering approximately 9,000 square metres over two floors, the store now features a completely redesigned interior concept.

Golze receives Life & Living Award 2025

The family-owned company Otto Golze & Söhne, based in Emmerthal, has been honoured with the Life & Living Award 2025. In the category “Textile Floor Coverings”, Golze is ranked among Germany’s most popular providers in the home, living and garden segment, according to a nationwide consumer survey.

DC Carpets (Devos Caby) files for insolvency

Belgian rug manufacturer DC Carpets, also known as Devos Caby, has filed for insolvency. The long-established company from Deerlijk, which was set to celebrate its 75th anniversary this year, most recently employed around 40 staff.

ABC Carpet & Home opens new store in Greenwich, USA

New York’s renowned home furnishings and rug retailer, ABC Carpet & Home, is expanding. In addition to its flagship store on Broadway in Manhattan and an outlet in Brooklyn, the company is now opening a new location in Greenwich, Connecticut. The new store at 181 Greenwich Avenue spans two floors and offers nearly 1,200 square metres of rugs, furniture, lighting, home accessories, and vintage jewellery.

Poland: XXXLutz acquires full ownership of BRW Group

The XXXLutz Group has agreed to acquire the remaining 50% of BRW Group, making it the sole owner of the Polish furniture retailer and manufacturer. The transaction is subject to approval by the competition authorities.

Belgian home furnishings chain Casa files for insolvency

The Belgian home furnishings chain Casa has filed for insolvency. The company had already been granted creditor protection at the end of October but was unable to find a viable solution. In Belgium, 63 stores and the distribution centre in Olen will close, affecting a total of 544 employees.

Oriental Weavers increases revenue and profit

Oriental Weavers reports strong growth in its 2024 annual report: The Egyptian carpet manufacturer achieved revenue of EGP 24.3 billion (approx. EUR 440 million) – an increase of 38% compared to the previous year. Growth was primarily driven by international markets, which grew by 42% and accounted for 66% of total revenue. In Egypt, revenue rose by 28%. The woven rugs segment, which represents the largest share of the business, grew by 33%.