Mobly, an online furniture leader, has strategically acquired Tok&Stok, a chain renowned for high-end, designer furniture. This acquisition triples Mobly’s annual revenue to R$1.6 billion ($288.3 million). The deal promises annual synergies ranging from R$80 million ($14.4 million) to R$135 million ($24.3 million) by 2029, marking a significant industry shift. Negotiations, ongoing since 2017, culminated […]
