Maisons du Monde makes inroads in the U.S

The French furniture retailer Maisons du Monde (with 38% of sales from outside France and 21% online) confirmed buying 70% of the U.S. retailer Modani. Modani is a small but profitable retailer, whose business model matches that of MDM. It manages 10 stores in major U.S. cities with a turnover of US$41 million in 2017. Maisons du Monde aims to soon pilot a store under its own banner in the U.S.A. In the first quarter of 2018, sales of MDM grew by 5% on a comparable basis (+11.5% in t