Sherman Oaks-based investment firm Optimal Investment Group (OIG) announced that it acquired a controlling interest in French home decor company Modani Furniture, a furniture retailer from Maisons du Monde. Financial terms of the acquisition were not disclosed.

Modani has 17 showrooms across the country, including locations in Los Angeles, Costa Mesa and San Diego in addition to stores in Florida, Texas and New York. Founded in 2007 and based in Miami, a controlling stock in Modani was initially acquired by Maisons du Monde in 2018 in an attempt to capture more of the U.S. market.

The deal with OIG, announced Oct. 26, will reduce Maisons du Monde’s stake in Modani Furniture from 70 percent to 15 percent.

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