Commission opens in-depth investigation into XXXLutz's proposed acquisition of Porta
The European Commission has opened an in-depth investigation to assess XXXLutz's proposed acquisition of Porta, under the EU Merger Regulation. The Commission has preliminary concerns that the transaction may significantly impact effective competition in the markets for the retail supply of furniture and the procurement of furniture in several Member States.
XXXLutz and Porta are two of the largest furniture retailers in Germany, Czechia, and Slovakia. The transaction would combine more than 140 furniture stores under Porta's brands 'Porta', ‘Boss' and 'Asko', with more than 1,800 stores that sell furniture in many European countries, under XXXLutz's brands like 'XXXLutz', 'Home24', 'Mömax', 'Roller', 'Poco' and 'Möbelix', and that jointly procure their furniture through XXXLutz's purchasing association GIGA International.
The Commission's preliminary investigation indicates that the transaction may significantly reduce competition:
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https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2126