6 Kika stores to rebrand as XXXLutz from October

Retail

The transformation of the six Hungarian Kika furniture stores has started, and the Hungarian stores of the chain will take the name of their new owner, XXXLutz, from October, writes novekedes.hu. 

The acquisition of the domestic Kika stores was made possible by the approval of the Hungarian Competition Authority in August 2019 from the Austrian Signa Group.

The stores will continue to operate with legal continuity, but as a result of XXXLutzʼs procurement volumes, the range of suppliers will expand, with new products, manufacturers and models.

In Hungary, hitherto unknown premium and proprietary brands will appear, and stores will be renewed both inside and outside, the economic website notes.

ADVERTISEMENT

Google's Most Searched Terms in Hungary 2022 Analysis

Google's Most Searched Terms in Hungary 2022

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Masterplast Partners With Market Épitő Deals

Masterplast Partners With Market Épitő

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.