Karl-Heinz Essl
BauMax to Withdraw from Turkey
Austrian home-improvement DIY chain BauMax has officially announced its withdrawal from Turkey.
BauMax owner Karl-Heinz Essl communicated the news on Austrian ORF television and repeated previous information that the company also mulls leaving other markets in Southeast Europe.
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Austria's Baumax Might Withdraw from Bulgaria, Eastern Europe
Austrian "do-it-yourself" chain Baumax is mulling a pullback from Bulgaria and Eastern Europe, Austria's Die Presse newspaper reported.
Earlier, its founder Karl-Heinz Essl announced he was kicking off a sale of his artwork collection in a move aimed at raising funds to save his company.