XXXLutz and Black Red White
02.06.2022
Wardyński & Partners has advised XXXLutz Group (headquartered in Wels, Austria) in connection with a share acquisition establishing a 50/50 partnership in Black Red White Group (a large furniture retailer and producer based in Poland), thereby expanding XXXLutz Group’s footprint, creating synergies and a strong association for international growth of XXXLutz.
BRW Group runs, among others, 93 own stores (79 in Poland) and a network of approx. 370 distribution partners in Poland, and employs a total of approx. 7,900 employees. BRW Group exports its own products to more than 50 countries worldwide.
XXXLutz Group runs more than 370 furniture stores in 13 European countries (Austria, Germany, Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Romania, Bulgaria, Switzerland, Sweden, Serbia and Poland) comprising more than 25,700 employees, complemented by 24 online shops for XXXLutz, Möbelix and Mömax. With an annual turnover of EUR 5.34 billion, XXXLutz Group is one of the three largest furniture retailers worldwide.
In cooperation with CERHA HEMPEL Team, the firm advised on all Polish aspects of the transaction. The firm’s work on the deal, as Polish legal advisors for XXXLutz Group, is led by Anna Dąbrowska and Bartosz Kuraś, and the team includs among others Katarzyna Miszkiel. Michał Gliński is a partner in charge of real estate related aspects of the transaction.
The acquisition of the shares in BRW Group is subject to the approval by the competent competition authorities.