Connox, which already owns Ambiente Direct and the Sitzfeldt brand through its Munich-based subsidiary, is poised to acquire a 49 percent stake in Mathes Design, a premium furniture retailer based in Aachen, widely recognized through its online shop Design-Bestseller. The proposed acquisition has been notified to the Bundeskartellamt. The Connox Design Family, under the ownership of Danish investor Nine United, recently reported sales exceeding 200 million euros.
Photo: Connox
This partnership is anticipated to enhance Connox's expertise and strengthen its market position. Final approval from the German Cartel Office is pending.
Mathes Design is currently owned by Thomas Mathes (51.03 percent), co-managing director Martin Möller (8.79 percent), Tripos GmbH (16.4 percent), Radical Moves (12.75 percent), and Crossventures (10.99 percent). Tripos GmbH is associated with the Pohlmann family, founders of Poco, while Radical Moves and Crossventures are investors based in Cologne.
Source: www.inside-wohnen.de