Rymarz Zdort Maruta advises XXXLutz on acquisition of Black Red White

We are pleased to announce that we advised the furniture retail chain XXXLutz on the acquisition of the Polish furniture group Black Red White (“BRW”). XXXLutz Group first invested in BRW in mid-2022, buying out half of the shares in BRW. As a result of this recent transaction, the XXXLutz Group is set to acquire the remaining 50% of the shares and gain full control of BRW. The acquisition of the shares is still subject to the approval of the relevant competition authorities.

XXXLutz Group operates more than 370 furniture shops in 14 European countries and employs more than 27,100 people. With an annual turnover of EUR 6 billion, XXXLutz is one of the largest furniture retailers in the world.

Black Red White is Poland’s largest furniture group and isa manufacturer and distributor of furniture and home furnishings with an approximately 20% share of the Polish market in terms of sales value.

The transaction team was led by Magdalena Pyzik-Waląg (managing partner) and included Dr Paweł Mazur (counsel), Maciej Wiśniewski (senior associate), Joanna Ksepko (associate) and Sebastian Stępiński (associate).