Kika/Leiner: Final Closure for Austrian Furniture Retailer

Efforts to rescue the Austrian furniture retailer Kika/Leiner, which has been insolvent since November 2024, have failed. According to the Austrian Credit Protection Association (Kreditschutzverband) of 1870, the restructuring plan was withdrawn after no investor could be found. The company, Leiner & Kika Möbelhandels GmbH, is now being wound up, with its remaining 17 stores set to close following the clearance sale. A total of 1,350 employees will lose their jobs.

Market research firm Regiodata reported that Kika/Leiner recently held a 13% share of the Austrian furniture market, ranking third. Market leader XXXLutz holds a 34% share, followed by Ikea with 19%.

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