CWA purchases Luxembourgish Praktiker stores | RetailDetail

CWA purchases Luxembourgish Praktiker stores

CWA purchases Luxembourgish Praktiker stores

DIY group CWA has bought 62 % of the shares in the Luxembourg branch of the bankrupt German DIY Praktiker chain. The remaining 38 % will remain with other Luxembourgish investors.

200 jobs saved

Praktiker’s had three 'Bâtiself' stores in Luxembourg, with a 2012 turnover of 34.7 million euro. Its 200 employees will transfer to CWA, who will continue to use all three stores under the same name. These three stores will join three other stores, called Bati C, in Luxembourg and France.


Praktiker had to shut down mid-July, as its debt burden turned out to be too large. Competing with the bottom half of the DIY market proved deadly, with a 2011 loss of 554 million euro, with 2012 adding another 118.9 million euro in losses. Praktiker is still talking to other possible interested parties, hoping to sell off non-German Praktiker stores. Liquidator Christopher Seagon hopes to finish all proceedings shortly.



(translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors

Belgian paint web shop expands into France


An expansion into Wallonia and France beckons for Belgian paint web shop and its new counterpart Moreover, the company is looking for a new financial partner to help with this move.

Hornbach exceeds four billion euro turnover


German DIY chain Hornbach’s turnover surpassed 4 billion euro in the past fiscal year. The overall turnover growth was 5.1%: the Dutch market achieved double-digit growth, but the German home market stagnated.

Kingfisher spearheading the circular economy


Kingfisher has been one of the front runners in transforming its business into a more circular business. The focus? Smarter consumption and get 'more from less'.

Les Mousquetaires acquires Bricorama


The French Bureau of Competition has approved franchise group Les Mousquetaires' acquisition of DIY chain Bricorama. The deal will catapult Les Mousquetaires into the third position in the French DIY industry.

Intergamma's dispute with Bricorama persists


Intergamma’s issues with CRH’s shares still have not been resolved and it seems the dispute with French shareholder Bricorama has now boiled over. The latter even wants the Chamber of Commerce to intervene.

Bricorama does not want to sell Gamma


French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.