Möbel Letz GmbH
porta Group has acquired Möbel Letz GmbH ("Letz") from its managing shareholders Mario Letz and Kai Blüthgen. While Mario Letz will retire, Kai Blüthgen will stay on board as CEO of Letz.
Based in Zahna-Elster in Eastern Germany, Letz is a fast-growing e-commerce company for branded furniture, with own nationwide logistics. The company offers an extensive portfolio of more than 30,000 items.
With a turnover of more than €1.1 billion and approx. 7,300 employees, porta Group is one of the largest family-run furniture companies in Germany. Through the acquisition, porta group strengthens its positioning in the online furniture retail market.
IOM Advisory acted as exclusive sell-side advisor to the shareholders of Möbel Letz GmbH.The transaction emphasizes IOM Advisory’s sector expertise in the Consumer and eCommerce sector.