According to a report on der Standard, Austrian furniture retailer XXXLutz has acquired 13 stores from insolvent German DIY chain Max Bahr.
The spokesman of XXXLutz said that the transaction was purely a real estate investment and that the future use of the properties has not been determined yet.
Max Bahr, a subsidiary of Praktiker, entered liquidation last November, after the administrator failed to find a buyer for the whole group.
Source: der Standard
