Construction projects in Gütersloh remain unchanged despite the XXXLUTZ takeover!

Construction projects in Gütersloh remain unchanged despite the XXXLUTZ takeover!

The furniture industry in Germany is facing a significant change: the XXXLutz furniture giant has taken over the Porta Group, which includes around 140 locations in Germany, the Czech Republic and Slovakia. This takeover could have far-reaching effects on the market, however, such as nw.de reported, so far it has not had a direct impact on the planned construction projects in Gütersloh.

Confirmations by corporate speakers and the city of Gütersloh illustrate that despite the acquisition, the construction projects in the parking lot should be continued as planned. These provide for the construction of different buildings, including a gym, catering area, offices and a hotel. Meanwhile, it remains unclear which companies will receive the new premises.

effects of the takeover

The takeover process is not without challenges. The porta group, which is sixth in the German furniture trade and generates sales of 1.14 billion euros, is now part of a company that is expected to achieve sales of 3.98 billion euros in 2023. Together, the combined sales of XXXLutz and Porta exceed the 5 billion euro mark, which significantly strengthens their market position. These steps are part of a broader strategy for consolidation in the furniture trade, a sector that has experienced changes from online trade and changed consumption habits in recent years, so moebelkultur.de .

Like the synergies between XXXLutz and Porta, which arise from the takeover, Paul de Jong, Managing Director of Porta-Holding, sees integration as a positive addition. He emphasizes the need for strong partnerships in the increasingly challenging competitive environment. The start -up families Gärtner and Fahrkamp are excluded from the company in the course of the takeover, which is a significant change in the corporate structure.

construction sites in Gütersloh

In Gütersloh, the start of construction of the new projects is still pending because the necessary building permit has not yet been granted. According to the head of the building department Albrecht Pförtner, the approval could already be available in January 2025, which enables the planning to be implemented promptly. The Porta company assures that there will be no changes to the schedule. As soon as the updated construction templates have been submitted, the building permit can be granted, lifts nw.de out.

Developments in the furniture industry are reflected in a stable market. According to Statista , the market volume rose to a record high of around 35.3 billion euros in 2022, and the per capita expenditure for furniture is now approaching 450 euros annually. Inpatient retail, in which around three quarters of the market volume are generated, is faced with intensive competition, in particular through the steadily growing e-commerce shares.

Overall, the takeover of the Porta Group through XXXLutz is an important step in the German furniture trade, which not only changes market structures, but could also have an impact on future construction projects. It remains to be seen how the integration of the two companies will have an impact on the market and consumers.