Amiral Gestion doubles stake in Westwing
The asset manager is now the second-largest shareholder in the furniture company with a ten percent stake.
The asset manager Amiral Gestion, which is based in France, is now the second-largest shareholder in the furniture start-up Westwing. Its stake has doubled from around five percent to ten percent. Only the Samwers hold a significantly larger stake of 29%.
These purchases were made in the context of the announced Home24 takeover by XXXLutz. Here too, both Amiral Gestion (4.8%) and the Samwers (6.1%) held shares. Since then, there has been speculation about Westwing - the company was seen as the next takeover candidate.
Westwing was founded in Munich in 2011 and has been able to increase sales almost continuously since then. In 2020 and 2021 in particular, the Group also benefited from the general boom in the industry as a result of the lockdowns. While sales totaled EUR 267 million in 2019, this figure rose to EUR 433 million in 2020. In 2021, turnover amounted to 522 million euros - 240 of which in Germany alone.
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