XXXLutz: Cartel Office permits participation in Roller and Tejo's

Germany's Federal Cartel Office has cleared the Austrian XXXLutz Group's 50% shareholding in each of the companies Tejo Möbel Management Holding and Roller, which both belong to the German Tessner Group. However, the Cartel Office's okay is subject to certain conditions, and the competitive effects on the procurement markets will still have to be clarified by an ongoing procedure with the European Commission.

So far, XXXLutz is Germany's second largest furniture retailer – after Ikea – with more than 200 furniture stores and several subsidiaries (XXXLutz, Dodenhof, Zurbrüggen, Möbelzentrum Pforzheim, Poco, Mömax, Osca, Sparkauf). Tessner is in fourth place with 178 locations (Roller, Tejo's SB Lagerkauf, Schulenburg, Meda Küchenstudios) The merger would create a new number one on the German market.

The current proceedings concern 155 Tessner stores, of which 22 will have to be given up due to competition concerns raised by the Federal Cartel Office; one XXXLutz store will also have to be divested.

Carpet Home-Newsletter: Click here for free newsletter subscription