Leonhard Tietz: Difference between revisions
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Born in [[Birnbaum an der Warthe]], [[Province of Posen]], [[Prussia]] (today [[Międzychód]], [[Poland]]), Leonhard Tietz was the brother of [[Oscar Tietz|Oskar Tietz]] and a founding member of the Tietz Department store dynasty. On 14 August 1879, he opened his first department store in [[Stralsund]], with the idea of selling high quality products at fixed prices for cash. He was the first to introduce a [[money back guarantee]]. From 1891, a shop of his was to be found in [[Cologne]]. |
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In 1905, his enterprise was transformed into a [[joint stock company]]. |
In 1905, his enterprise was transformed into a [[joint stock company]]. |
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Revision as of 12:31, 30 September 2022
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Leonhard Tietz (March 3 1849 - November 14 1914) was a German department store entrepreneur and art collector of Jewish origin.[1]
Biography
Born in Birnbaum an der Warthe, Province of Posen, Prussia (today Międzychód, Poland), Leonhard Tietz was the brother of Oskar Tietz and a founding member of the Tietz Department store dynasty. On 14 August 1879, he opened his first department store in Stralsund, with the idea of selling high quality products at fixed prices for cash. He was the first to introduce a money back guarantee. From 1891, a shop of his was to be found in Cologne.
In 1905, his enterprise was transformed into a joint stock company.
Art collector
Tietz owned an art collection which included paintings by Vincent van Gogh and Paul Cézanne. In 1912 he lent a self portrait by van Gogh and a still-life by Cézanne ("Stilleben, Früchte mit Glas und Porsellanschale") to the famous Sonderbund Exhibition in Cologne (Internationale Kunstausstellung des Sonderbundes Westdeutscher Kunstfreunde und Künstler zu Cöln).[2]
Legacy and Loss
After Tietz death, his son Alfred Leonhard Tietz led the Tietz firm. In 1933, the Nazi Party came to power in Germany and Jewish businesses were targeted.[3]
The Nazi policy of racial discrimination and anti-semitic harassment of Jewish-managed firms hurt the Tietz' department store and other businesses.[4] The business was renamed Westdeutsche Kaufhof AG. In an "Aryanisation" (the obligatory transfer of Jewish businesses to non-Jewish owners)[5][6], the Tietz family was forced to sell their shares under market value . They fled Nazi Germany. After the Allied victory, they received some compensation estimated at 5 million DM.
Today, the department store chain Galeria Kaufhof is the direct descendant of the tiny shop opened in 1879.
Literature
Discrimination, Managers, and Firm Performance: Evidence from “Aryanizations” in Nazi Germany Kilian Huber, Volker Lindenthal, and Fabian Waldinger NOVEMBER 2020
See also
Tietz Department Store (Elberfeld)
References
- ^ "The Tietz Famiy" (PDF). Archived from the original (PDF) on 2020-09-20.
{{cite web}}:|archive-date=/|archive-url=timestamp mismatch; 2020-09-27 suggested (help) - ^ Sonderbund Westdeutscher Kunstfreunde und Künstler (1912). Internationale Kunstausstellung des Sonderbundes Westdeutscher Kunstfreunde und Künstler zu Cöln, 1912. Solomon R. Guggenheim Museum Library. Cöln a. Rhein : M. Dumont Schauberg.
- ^ The Attack on Berlin Department Stores (Warenhaeuser) After 1933 Simone Ladwig-Winters published by Yad Vashem https://www.yadvashem.org/odot_pdf/Microsoft%20Word%20-%205622.pdf
- ^ Stock Market Performance of Jewish Firms During the Third Reich https://www.wiwi.uni-konstanz.de/typo3temp/secure_downloads/85539/0/e1c9300496b7624a1c5f62720b94796f91d46780/Version25_1_.pdf
- ^ "A Re-assessment of Aryanization of Large Jewish Companies in Hitler's Reich, 1933-1935: The Role of Conservative, Non-Nazi Businessmen - ProQuest". www.proquest.com. Retrieved 2022-07-01.
- ^ Kilian Huber, Volker Lindenthal, and Fabian Waldinger (2020). "Discrimination, Managers, and Firm Performance: Evidence from "Aryanizations" in Nazi Germany" (PDF).
{{cite journal}}: Cite journal requires|journal=(help)CS1 maint: multiple names: authors list (link)
External links
Media related to Leonhard Tietz at Wikimedia Commons- Documents and clippings about Leonhard Tietz AG in the 20th Century Press Archives of the ZBW
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- 1849 births
- 1914 deaths
- 19th-century German Jews
- German economists
- German businesspeople in retailing
- 19th-century German businesspeople
- 20th-century German businesspeople
- People from the Province of Posen
- Businesspeople from Mecklenburg-Western Pomerania
- People from Międzychód
- German business biography stubs
- European economist stubs
- German academic biography stubs