Retail giants: surprising Munich announcement – with long-term plans

Retail giants: surprising Munich announcement - with long-term plans

Tengelmann Headquarters in Mühldorf.

© Picture Alliance / Roland Weihrauch / DPA

Several years ago there were some Tengelmann branches in Munich. Those times have passed, but the Tengelmann Group has announced a move to Munich.

Munich – The Tengelmann Group will move its headquarters from Mülheim an der Ruhr to Munich. The move and those decided by other shareholders had agreed to a long-term cooperation, as Tengelmann announced Thursday. The relocation of the group headquarters to Munich follows the parent company’s realignment as a strategic holding company that was started more than two years ago, which for example was redesigned, streamlined and redesigned to include project offices. has been expanded.

Tengelmann Group announces move to Munich

Christian Houb (57), who had acquired the family shares of his mortally wounded brother Karl-Erivan Haub a few weeks earlier, would continue to pursue further plans for the further development of the group over the next few years. On the other hand, George Haub (59) will move the main focus of his activity to the United States, where he will, among other things, take care of real estate development for the company. Christian and George Haub also worked on coordinated plans for generation change at Tengelmann.

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Tengelmann arrives in Munich

Christian Haub owns about two-thirds in one of the largest German family-owned companies, Georg Haub owns about one-third of the shares. Traditional retail conglomerates include DIY chain OBI and clothing discounter KiK. Tengelmann also has extensive real estate activities and several venture investments. According to the company, Christian Hub has been the sole managing partner of Tengelmann Holding since 2018.

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Karl-Erivan Hobb does not return from a ski tour in Zermatt, Switzerland in April 2018. He was pronounced dead by the Cologne District Court in May 2021.

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