Maisons du Monde

Maisons du Monde is a French furniture and home decor company founded in Brest in 1996 by Xavier Marie. At the end of 2015 it had nearly 250 stores across France, Italy, Spain, Luxembourg, Belgium, Germany and in Switzerland, of which more than 180 are in France. In 2010, it generated nearly €323 million in sales. In 2015 it employed over 5,500 people.

Maisons du Monde
TypePublic
Euronext: MDM
CAC Mid 60 Component

History

In 2006, Maisons du Monde launched its online shop[1] and offered the whole of its catalogue of furniture and a large part of its objects of decoration. Maisons du Monde published a catalogue presenting its new collection at the beginning of the year.

The Maisons du Monde group was bought in 2013 (80%) by the American company Bain Capital for €680 million.[2]

In 2015, it achieved a turnover of 699 million euros, of which 460 million in France.[3]

February 2016 two US banks Goldman Sachs and Citigroup were mandated to prepare for an IPO.[4]

In 2018, Maisons du Monde opened its first store in the United States, located in Wynwood, Florida. In 2019, Maisons du Monde opened a new store located in Aventura Mall, the third largest shopping mall in the United States.[5]

In 2020, Maisons du Monde was hit by the Covid-19 crisis, but managed to hold its own above expectations.[6] From January to June, sales fell by 13.3% to 489 million euros.[7] Nevertheless, a second warehouse will open in early 2021 near the port of Le Havre to receive goods from Asia.[8]

Number of stores

265 stores in Europe:

  • France: 193 stores
  • Italy: 30 stores
  • Luxembourg and Belgium: 16 stores
  • Spain: 12 stores
  • Germany: 8 stores
  • United Kingdom: 4 stores (in Birmingham, London, Manchester and Leicester ) (until May 25th, 2023, Maisons du Monde has ceased its activities in the UK)
  • Switzerland: 3 stores
  • United States: 2 Stores

The brand sells online to United States, Germany, the United Kingdom, Portugal, the Netherlands and Austria.[9]

References
  1. "L'enseigne Maisons du Monde ouvre ses portes sur le Web". www.journaldunet.com (in French). 2006-05-31. Retrieved 23 April 2023.
  2. Le Figaro (in French)
  3. https://investors.maisonsdumonde.com/wp-content/uploads/2016/03/MDM-Press-release-March-3rd-French-Version6332992_4_LO.pdf (in French)
  4. Berry, Freya (2016-02-05). "Goldman Sachs, Citi mandatés pour l'IPO de Maisons du Monde-sces". www.zonebourse.com (in French). Retrieved 2016-02-21.
  5. Arrojas, Matthew (2019-11-14). "French furniture brand to open second US location at Aventura Mall". South Florida Business Journal. Retrieved 2023-09-30.
  6. "Maisons du monde : Maisons du Monde surprend agréablement le marché et bondit en Bourse". BFM Bourse (in French). 2020-07-29. Retrieved 2020-07-29.
  7. "MAISONS DU MONDE : deuxième trimestre meilleur qu'attendu". Capital.fr (in French). 2020-07-29. Retrieved 2020-07-29.
  8. "Maisons du Monde a vu ses ventes chuter au premier semestre". Le Figaro (in French). AFP. 2020-07-28. Retrieved 2020-07-29.
  9. "Magasins meuble et décoration". Maisons du Monde. Retrieved 23 April 2023.
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