Chinese furniture manufacturer Suofeiya Home Collection acquired the 49% stake held by French kitchen and home furniture manufacturer Schmidt Groupe in joint venture Schmidt Suofeiya Kitchen Cabinet Co. Ltd. (SSK) - which had been founded in 2014 - back in December 2022..
In the 2022 financial year, French kitchen manufacturer and retailer Schmidt Groupe achieved only a slight 0.7% increase in production turnover to €724.0m..