XXXLutz acquires a stake in Braun Möbel-Center

The expansion of the XXXLutz Group continues. The Austrian furniture group has announced a 50% stake in Braun Möbel-Center. Braun operates 10 furniture stores in the south and south-west of Germany. With a good 1,000 employees, Braun is targeting a turnover of over EUR 200 million for 2022.

"The newly acquired businesses are an ideal fit for the XXXL concept and are market leaders at their locations thanks to their superior selection," explains Thomas Saliger, company spokesman for the XXXLutz Group. "For me, it was important to be able to ensure the strategic further development of the Braun locations and online retailing together with the market leader in Germany. With the 50/50 partnership, the interests of both partners are equally guaranteed", says Matthias Bader, Managing Director and owner of Braun-Möbel-Center GmbH & Co KG. The management will remain in the hands of the previous owner Matthias Bader and the long-standing managing director Christoph Bürker. The participation is subject to approval by the cartel authorities.

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