Mobilux takeover of Conforama cleared Autorité de la concurrence uses failing firm defence for first time

In April 2022, French furniture retailers recorded year-on-year turnover growth of 89.3%. According to French market research institute Ipea (Paris), the strong increase ensues from base effects caused by the lockdown-related closure of furniture retail spaces in the comparative period of the preceding year. With the...

The furniture manufacturer and wholesaler Actona Group A/S (Holstebro) belonging to Lars Larsen Group (Braband, Denmark) is aiming to acquire the upholstered-furniture manufacturer SITS Sp.z o.o. (Brodnica, Poland). The transaction remains subject to approval from the appropriate competition authorities. SITS operates...

In the first six weeks of the second quarter of 2022, e-commerce turnover (including VAT) generated with furniture, lamps and decorative goods declined by 10.9% vis à vis the preceding year to €801.0m (1 April-16 May 2021: 900.0m). The downward trend recorded since the beginning of the war in Ukraine thus continued....