Home24, Europe's largest online furniture store, has secured €20m in capital from existing and new investors, and reinforced its management team, amid plans to optimise its offering and achieve profitability.
Following the acquisition of rival Fashion For Home last November, that business' founder and CEO Marc Appelhoff and Christoph Cordes have been appointed to Home24's supervisory board, and will help lead the company together with founder Philipp Kreibohm. Current CEO Domenico Cipolla will depart the team in May.
