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French furniture giant BUT to acquire its competitor Conforama
Brands 2020-07-07
The crisis-hit company Conforama announced to cut 42 stores and 1900 jobs in July 2019.
Following the announcement of Conforama's plan to restructure and transform its business in France in July 2019, Mobilux plans to acquire Conforama.

In France, Mobilux controls the BUT brand, which specialises in the retail distribution of furniture, home decorations and household appliances in physical stores and on the Internet.

A subsidiary of Steinhoff group, the Conforama brand also specialises in the retail distribution of furniture, home decorations and household appliances.
As the turnover of the companies has a European dimension, the transaction was in principle to be examined by the European Commission. As allowed by European Regulation 139/2004 (on merger control), the parties however requested that the case be referred to the Autorité de la concurrence, considering that the latter was better placed to examine it.

The Commission considered that the conditions for referral to the Autorité de la concurrence were met, as the Autorité is best placed to review the transaction given its national impact and the Autorité's experience in reviewing mergers in this sector. Following notification of the referral, the Autorité will examine in particular the impact of the transaction both upstream, on suppliers, and downstream, in each catchment area.
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