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.


{{detail.title}}
{{detail.summary}}
{{detail.questions[0].answers[0].title}} {{detail.questions[0].answers[1].title}}
{{detail.vote.blueCount}} votes
{{detail.vote.redCount}} votes
My Vote My Vote
Vote
Vote
Sorting Editor:UNI Statements

All the Posts/Comments showing on 77°Global Furniture Media only stand for individual perspective and should not be related to this platform`s standpoint! 77°Global Furniture Media is dedicated to being a vehicle which distributes global furniture news. Any content on 77°Global Furniture Media must not be reprinted unless it has been authorized, for more information, please contact the Email Address: news@77D.cn. For most of the posts which are not original, the permission has been granted. Please contact us if you have any problems related to copyright.

Like
Online Submission
Relevant posts
{{ item.title }}
{{ item.category.name }} {{ formatTime(item.publishTimestamp) }}

The Recommended

77icon
报料建议:INFO@77D.CN
新闻服务:020-28678977 展会服务:020-28678972 招聘服务:020-28678999
COPYRIGHT ©广东柒柒数码科技有限公司 本站由 提供计算与安全服务 粤公网安备 44011302003105号
APP下载
77app下载
77度公众号
77公众号
JJR公众号
JJR公众号