Günter Herz

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Günter Herz (born July 22, 1940 ) is a German entrepreneur ; he and his family owned Tchibo Holding AG (since 2007 Maxingvest) , which holds the majority in both Tchibo GmbH and Beiersdorf AG . Since leaving Tchibo Holding, he has been involved in business with the investment company Mayfair Vermögensverwaltung .

Career

Günter Herz is the eldest son of Tchibo founder Max, who died in 1965, and his wife Ingeburg Herz . While his mother and four siblings held further shares, he continued to run the company since 1965. In 1977 the coffee roaster took over a large stake in the Hamburg cosmetics group Beiersdorf AG , in 1980 Tchibo acquired the majority in Reemtsma and sold it to the British cigarette manufacturer Imperial in 2002 for around five billion euros . With the takeover of its main competitor Eduscho in 1997, Tchibo became the market leader in the coffee business in Germany.

All of the Tchibo Group's investments developed successfully over the three and a half decades that Günter Herz chaired the group. Tchibo grew from approx. 500 million DM to almost four billion euros in sales, Reemtsma increased from 1.5 billion euros to 8.5 billion euros, and Beiersdorf developed from a local cream brand with 400 million euros in sales into the leading one global care brand with a turnover of almost 5 billion euros. Nevertheless, in January 2001 there was a change in the majority of the Supervisory Board. His younger brother Michael was able to convince his mother Ingeburg and his brother Joachim to vote against another contract extension. In August 2003 Günter and his sister Daniela Herz-Schnoeckl finally sold their shares in the Tchibo Group to their brothers Michael and Wolfgang.

Günter and Daniela Herz founded Mayfair Vermögensverwaltung in Hamburg in 2002 . In 2005 Mayfair acquired around 27 percent of the sporting goods manufacturer Puma . When the French luxury group PPR submitted a takeover offer for Puma at 330 euros per share on April 10, 2007, Mayfair realized a sales profit of around half a billion euros.

As a white knight , Mayfair saved the technical ship service provider Germanischer Lloyd (GL) from a hostile takeover by its competitor Bureau Veritas : on December 15, 2006, he took over 90% of the shares. In the following seven years, GL built a significant oil and gas business through the acquisitions of Advantica, PV Inspection, Trident, IRS and Noble Denton. Lloyd expanded in the renewable energies market by taking over Helimax and Garrad Hassan. In 2013, GL finally merged with the Norwegian competitor Det Norske Veritas to form DNV GL and thus became one of the world's leading certification groups.

The investment company Mayfair has been the largest shareholder in the international restaurant group Vapiano since 2011, and in 2017 it held almost 40% of the shares. The company had to announce its insolvency in mid-March 2020.

With his fortune of well over four billion euros, Herz is one of the richest Germans .

family

Siblings:

Günter Herz and his wife Uta have two grown children: Christian Herz and Michaela Herz.

Web links

Individual evidence

  1. ↑ Eckart Gienke: Like the fox on the lookout
  2. ↑ Martin Scheele, Birgit Dengel: Günter Herz: Nimmermüder Haudegen www.ftd.de/karriere_management/koepfe/139591.html?mode=print (Caution: FTD imprint forbids link!)
  3. ↑ Gunhild Freese : When siblings play with billions
  4. ↑ Johannes Ritter: Vapiano: Tchibo heirs buy stake in restaurant chain. In: FAZ.NET . June 16, 2011, accessed November 20, 2018 .
  5. ↑ Vapiano SE Annual Report 2017 (PDF file) April 25, 2018, accessed on November 20, 2018 .
  6. ↑ Ad Hoc release Vapiano SE: Occurrence of insolvency, further drastic decline in sales and earnings and increase in liquidity requirements due to COVID-19 crisis. In: VAPIANO SE. Retrieved March 20, 2020 .
  7. ^ Hamburger Abendblatt - Hamburg: Current News - Hamburger Abendblatt. Retrieved on February 16, 2018 (German).
personal data
SURNAME Heart, Günter
BRIEF DESCRIPTION German entrepreneur
DATE OF BIRTH July 22, 1940