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Vienna, Dornbirn The Kika furniture store in Dornbirn is not responsible for the struggle for survival of the Austrian furniture company Kika / Leiner. It has been one of the best number two locations on the Austrian market for many years, especially after the complete renovation last year. The cause of the imbalance was not in Austria, but in Germany and South Africa, because Steinhoff's leader was squeezing the numbers and putting the group in a situation of distress that threatened Steinhoff even after several distress sales. After tough negotiations, more than once on the verge of failure, Gunnar George, Kika / Leiner's boss (49), and the 5,000 or so furniture seller's employees can breathe.
"No worries"
The Federal Competition Authority (BWB) has now stirred the purchase of the Kika / Leiner furniture chain by the Signa group of real estate investor Tyrolean Rene Benko. "The merger is no problem of competition," said BWB boss Theodor Thanner (58). Due to the urgency, BWB released the merger before the deadline. Overall, BWB boss, Thanner, positively badesses the case from the point of view of competition. It was thus prevented that Kika and Leiner disappear from the furniture distribution market and the selection of products for consumers has fallen. Kika and Leiner are number two on a market with only three major players: XXXLutz with her daughters Möbelix and mömax, clearly number one in Austria with a market share of 29%, Kika / Leiner with around 20% and Ikea with just under 16% market share (source RegioData Research).
Signa pays 600 million
If you add the purchase price of 490 million euros for real estate and a restructuring contribution of more than 100 million euros 600 millions of euros. The real estate company Signa, whose owner, the Tyrolean René Benko (41), is the owner of the noble Chalet N Inn in Lech, is now also big in the trade, for example as the owner of Karstadt who is preparing to buy the second largest German chain Kaufhof, ONU sca
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