Leonhard Tietz: Difference between revisions
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==Biography== |
==Biography== |
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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 |
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]]. In 1891, a shop was opened 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 23:09, 15 February 2023
 | This article needs additional citations for verification. (July 2022) |
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. In 1891, a shop was opened 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