Roche Bobois S.A. (ENXTPA:RBO) has signed a letter of intent to acquire a 51% stake Shanghai Rock Castle Furniture Co. Ltd. on April 10, 2024. Shanghai Rock Castle Furniture, the owner of the Roche Bobois franchise in China, which directly runs 3 stores 1 in Beijing and 2 in Shanghai and manages 23 franchised outlets located in various mid-sized cities.

In 2023, China accounted for total retail sales of ?23m, including ?8m in 3 stores located in Beijing and Shanghai. The acquisition of this majority interest should take effect in July 2024.