Kika sold its network of stores operating in Hungary and three other countries in Central and Eastern Europe
The Austrian Signa Group, the owner of the Kika home furnishings chain, sold its shops in Hungary, the Czech Republic, Slovakia and Romania to the Austrian company XXXLutz – the Austrian newspaper Die Presse wrote on Friday.
The new owner owns the Mömax network in Hungary.
According to Signa’s announcement, the relevant contract was signed on 26 April. Kika now wants to focus entirely on its Austrian retail chain. Under the contract, 22 properties and 1,500 employees change hands. (MTI)
Related news
NAK-FruitVeB: import pressure is increasing on the cabbage market
Due to the increasing import pressure, domestic kale producers are…
Read more >A more balanced nut crop is expected this year than before
Farmers on domestic walnut plantations are confident of a good…
Read more >Tasty, high-quality melons are offered on the Hungarian melon market
In the second half of July – with the start…
Read more >Related news
HEINEKEN Hungária Zrt. will start the festival season in Sopron on May 11.
The SopronFest, held for the first time in 2023, proved:…
Read more >Auchan comes up with an unusual sale
There is serious competition between store chains to retain customers.…
Read more >The MRSZ calls for industry cooperation and an action plan
At the request of the MRSZ, EY prepared a study…
Read more >