Ixina owner sells majority stake in FBD

Ixina owner sells majority stake in FBD

Nobilia is the new majority shareholder of Franchise Business Divions, FBD in short. The group is the largest European manufacturer of kitchen furniture and already had 30 % of FBD's shares up until now.

International expansion

Nobilia has now also acquired Snaidero's shares, which means it will become the majority shareholder in Europe's largest kitchen franchiser, FBD. It is the franchise division of the Ixina, Cuisine Plus and Cuisines Références brands.

 

Thanks to Nobilia's investment, FBD not only wants to become an important player in the French market, but also internationally. Currently, the group is present in 20 countries, but would like to expand to another 30 countries in the next 5 years. Particularly the regions around the Mediterranean, in Eastern Europe and Africa are considered to be target areas.

 

FBD already has stores in the Ivory Coast, Benin, Kenya and Mauritius. "A fully designed kitchen is an important symbol of social esteem in these growth areas, much like a car. The market is opening up to new layers of the population, as these people now have more money to invest in these types of goods", a press release says.

Questions or comments? Please feel free to contact the editors


Europe will investigate Ikea's tax constructions

18/12/2017

The European Commission has officially opened an investigation into Swedish furniture chain Ikea’s tax constructions. The company has a main office in the Netherlands, but also circulates its profits to Liechtenstein and Luxembourg.

JYSK published record results once more

01/12/2017

Danish JYSK published a record 3.36 billion euro turnover in its 2016-2017 fiscal year. Backed by more than 2,500 stores worldwide, it achieved yet another record.

Ikea opens two Belgian hotels in 2019

01/12/2017

Swedish furniture chain Ikea will open two hotels in 2019, one in Antwerp and one in Ghent. Hotel chain Moxy, which it set up together with Marriot, is already present in New York, Paris, Tokyo, Chicago and London.

Ikea will invest in more Citystores

29/11/2017

Ikea wants to open smaller stores in city centers, starting in 2019. These stores should attract people without cars, a move that should tap into the world’s rapid urbanization and digitization.

CASA further expands web shop

24/11/2017

Interior design store chain CASA continues the rollout of its “click & collect” web shops. It already implemented this new formula in Belgium, France and Luxembourg, but will now tackle Switzerland, Spain and Portugal.

Amazon launches first own furniture brand

08/11/2017

American eCommerce giant Amazon has once more launched new private labels. This time, it has entered the sports clothing and furniture industries with its own brands.

Back to top