The Welser XXXLutz Group is expanding its online business and is taking over its share in the moebel.de search engine from the ProSiebenSat.1 subsidiary NuCom Group began. No purchase price was given on Thursday.
“With the exit of the investor, the XXXLutz Group had the opportunity to invest. We will not take on any operational activities for this investment.
The existing management under CEO Arne Stock will continue to operate the neutral platform as before and will continue to internationalize it in the following years, “said a company spokesman. According to his own statements, Lutz operates a good 350 furniture stores in 13 European countries and has an annual turnover of 5.34 billion . Euro.