The newspaper reminded that Black Red White (BRW) was one of the largest furniture manufacturers with Polish capital for nearly three decades. The company, founded by the entrepreneur who avoids the media Tadeusz Chmielin mid -2022 it became partly Austrian. 50 percent Austrian XXXLUTZ bought shares, which in the global ranking of furniture manufacturers is in the top three – it was indicated. It was added that at the same time managers invested in the company headed by the then president Dariusz Formela.
The Austrian giant will gain full control over the Polish company
“Puls Biznesu” informs that now Austrian furniture mogel takes over the remaining 50 percent shares, gaining full control over a Polish company. However, it was noted that the transaction must be approved by the relevant competition protection bodies.
“Black Red and White is to be managed in an autonomous way”
“The parties agreed that they would not disclose the details of the contract, but it is known that BRW is to be still managed +in an autonomous manner. Buyers argue that for clients in Poland The finalization of the transaction and taking control of the Polish brand by the Austrians will mean a greater selection of goods and their better availability, as well as more favorable prices. In turn, BRW is to benefit from partnership with one of the largest furniture sellers in the world, both in stationary and internet trade ” – we read in the Friday edition of” Puls Biznesu “.
