Germany: Kodi takes over discounter Mäc Geiz
- DRC Discount Retail Consulting GmbH
- 4 hours ago
- 2 min read
Discount Variety Retail Chain Kodi operates 150 stores in North Rhine-Westphalia, and now the company is taking over 200 Mac Geiz stores in the east. The chains want to partially merge their operating business, but keep their brand names.
The non-food discounter Mäc Geiz is changing hands. Kodi Beteiligungs GmbH, which also owns the discounter Kodi, is taking over the chain. The purchase contracts have already been signed, as the company announced when asked by the German Press Agency.
Completion is expected in the coming weeks. Kodi Managing Director Fabian Grund did not comment on the purchase price. Previously, the "Lebensmittel Zeitung" had reported on it.
The retailer Kodi, which describes itself as a household discounter, has its headquarters in Oberhausen. The company operates 150 branches in western German states, most of them in North Rhine-Westphalia. Mäc Geiz is based in Landsberg in Saxony-Anhalt. The approximately 200 locations are mainly located in the east. Both brand names are to be retained.
Kodi and Mäc Geiz each employ about 1200 people, according to their own information. The retail chains sell everyday products such as household goods and drugstore items as well as stationery. They compete with retailers such as Action, Tedi and Woolworth, among others.
Purchasing to be more closely interlinked
The aim of the cooperation is to bundle the strengths of both companies and use common structures, said Kodi Managing Director Grund. Above all, purchasing is to be more closely interlinked.
The previous shareholder of Mäc Geiz Handelsgesellschaft mbH was the MTH Retail Group, based in Austria. According to the information, it is selling its shares and in return joining Kodi Beteiligungs GmbH as a minority shareholder. The cooperation between the companies is to be expanded in the future.
Kodi's store network shrank from 230 to 150 locations last year as a result of insolvency. The name of the chain is made up of the founding name Koch and Discount. The first branch was opened in Düsseldorf in 1982, and Mäc Geiz's first store in Halle/Saale in 1994.
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