AI assistant
Roche Bobois S.A. M&A Activity 2024
1631_iss_2024-05-14_63599e8c-6944-4a0a-97c9-eaafae88119b.pdf
M&A Activity
Open in viewerOpens in your device viewer
M O NT H LY N E W S L E T T E R
Roche Bobois, the global leader in the high-end furniture market and the epitome of the French Art deVivre, publishes its latest news every month.
APRIL 2024
MILAN DESIGN WEEK 2024
On the occasion of Milan Design Week 2024, Roche Bobois showcased its new collaboration with the Franco-Chinese artist and designer Jiang Qiong Er.
By naming this collection "Bamboo Mood", the designer wanted to introduce a metaphor around bamboo, a powerful symbol in Chinese culture. The plant represents the key values of integrity, resilience, simplicity and harmony.
The collection was previewed in the Roche Bobois showroom in Milan, in the heart of the Durini Design District, before its global launch in fall 2024.
OTHER NEWS
MAJORITY INTEREST IN CHINA
After 20 years operating as a franchisor in China, Roche Bobois SA signed a letter of intent to acquire a 51% majority interest in Shanghai Rock Castle Furniture, the historical franchisee in China, which directly runs 3 stores (1 in Beijing and 2 in Shanghai) and manages 23 franchised stores located in various mid-sized cities.
The acquisition of this majority interest should take effect in July 2024.
ACQUISITION OF TWO FRANCHISED STORES IN CANADA
Roche Bobois SA also signed a letter of intent to acquire franchised stores in Vancouver and Calgary. Together they will further contribute to stepping up the Group's presence in North America, the Group's leading market in revenue and profitability terms. This deal should also be completed by mid-2024.
About ROCHE BOBOIS SA
ROCHE BOBOIS SA is a French family business founded in 1960. The Group operates in 54 countries and has a network of 340 directly operated stores and franchises (at 31 December 2023) marketing its two brands: Roche Bobois, a highend furniture brand with a strong international presence, and Cuir Center, positioned in the mid-range market segment with an essentially French customer base. Through its Roche Bobois brand, the Group embodies the French Art de Vivre whose presence can now be felt on the world stage, with original and bold creations from talented designers (Joana Vasconcelos, Bruno Moinard, Ora Ito, Sacha Lakic, Christophe Delcourt, Stephen Burks, Patrick Norguet, Kenzo Takada ou encore Bina Baitel...) and partnerships with fashion and haute couture houses. Roche Bobois is also a committed partner in the world of culture and the arts. Including franchises, these two brands posted 2023 retail sales of €600.8 million excluding VAT, to which Roche Bobois contributed €508.2 million and Cuir Center €92.6 million. ROCHE BOBOIS SA's consolidated revenue in 2023 amounted to €429.5 million.
Plus d'informations sur www.finance-roche-bobois.com
Actus Finance & Communication Investor relations Anne-Pauline Petureaux [email protected] / 01 53 67 36 72
Press relations Serena BONI [email protected] / 04 72 18 04 92
