While competitor KikaLeiner in Austria benefits from customers with the final sale of its stores due to bankruptcy, XXXLutz continues to expand its furniture store empire. The trading giant from Upper Austria acquired the Porta Group from Germany, including 140 locations.
“We look forward to the new colleagues in Germany, the Czech Republic and Slovakia,” says XXXLutz spokesperson Thomas Saliger on the occasion of the latest coup of the furniture giant from Wels. The group, which includes the brands XXXLutz, Mömax and Möbelix in Austria, took over the German Porta Group with 140 branches.
“Severe economic headwinds in our sector”
“Together we will face the increasing online trade and the heavy economic headwinds in our sector,” emphasizes Saliger, who emphasizes that they firmly believe “in stationary retail in combination with a strong online shop”.
XXXLutz has grown steadily over the past 79 years and is one of the largest furniture retailers in the world with more than 370 furniture stores in 14 countries. The company has more than 27,100 employees and an annual turnover of six billion euros, making it one of the top three in its industry.
From kitchen worlds to furniture discounters
Porta includes 26 furniture stores, two kitchen worlds and 95 stores of furniture discounter Boss. There are also 22 furniture stores of the ASKO Group and the dealer Möbel Letz in Saxony-Anhalt.
Source: Krone

I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.