Lipo Einrichtungsmärkte AG with its 23 locations in Switzerland is taken over by the Austrian furniture retail group XXXLutz.

XXXLutz takes over Lipo in Switzerland .

XXXLutz & uuml; takes over Lipo M & ouml; belh & auml ; user in Switzerland

Lipo is one of the five largest Swiss furniture stores.

That's what

  • The Austrian XXXLutz Group buys Lipo.

  • Lipo operates 23 branches in Switzerland.

  • All employees will be taken over.

Lipo Einrichtungsmärkte AG is one of the five largest Swiss furniture stores. The company operates a total of 23 branches in Switzerland. The company is now being transferred to foreign hands: the Austrian XXXLutz group is buying Lipo.

All 635 employees at Lipo will be taken over, as stated in a press release. In addition to the branches, XXXLutz also takes over the online shop and the logistics team in Derendingen and the service center in Pratteln. Lipo will be continued by the previous management.

The sale was signed at the end of December 2021 and is still subject to the approval of the relevant antitrust authorities. The transaction is expected to close by the end of June 2022. The parties have agreed not to disclose the purchase price.

XXXLutz has already taken over Pfister

XXXLutz has 370 branches in 13 countries and more than 25,700 employees three largest furniture retailers worldwide. XXXLutz is also playing an important and growing role on the Swiss market.

The group of companies has had its own furniture store in Rothrist since 2018. In 2020 XXXLutz took over the Pfister Group with its 21 branches and in the same year the takeover of the six Interio branches in Switzerland and their conversion into Mömax branches took place.

Good environment for further development

The board of directors and management of Lipo are convinced that the new ownership offers an excellent environment for the further development of the company. In this way, Lipo can benefit from strong purchasing expertise and a purchasing platform within the XXXLutz Group.

Thanks to its financial strength and international positioning, the XXXLutz Group offers Lipo employees security and attractive prospects.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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