Companies in the timber industry / Daily News / Furniture / Wood Products / Africa / Europe / Global
June 20, 2018

Steinhoff International agreed to sell Kika/Leiner

Steinhoff International agreed to sell Kika/Leiner
Steinhoff International has finally admitted that it is selling its loss-making Austrian furniture retailer Rudolf Leiner, popularly known as Kika/Leiner, and real estate assets to Rene Benko’s Signa Holding.    The proposed value of the transaction was not disclosed by the group. Rumours have been circulating in the past few weeks that it is considering selling its Austrian unit, but the group had been tight-lipped until Friday when it announced the sale.    Steinhoff acquired Kika/Leiner in 2013 as part of its strategy to bulk up across Europe. Kika ...

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