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
IKEA’s new collection brings Swedish nature into our homes
Sorry, this entry is only available in HU.
Read more >
Will JYSK and IKEA face serious competition?
MMXH Home Furnishings Kft., which operates Mömax and Möbelix stores,…
Read more >
Over 200 million bottles of Hungarian wine in Lidl’s domestic and international stores in 10 years
Ten years ago, Lidl Hungary committed itself to the promotion…
Read more >Related news
SHEIN’s first Hungarian store has opened
On December 10, 2024, at noon, SHEIN’s first Hungarian store…
Read more >
Schoolchildren solved a record number of tasks: the popularity of the Feed Your Brain educational program remains unbroken
The 2024 Challenge of the health education program launched by…
Read more >
TikTok conqueror: Dubai chocolate craze at Lidl
As the Christmas holidays approach, there is an increasing demand…
Read more >
