War tree
| Emil Kriegbaum KG
|
|
|---|---|
 |
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| legal form | KG |
| founding | 1919 |
| resolution | 1998 |
| Reason for dissolution | Sale to Metro |
| Seat | Boeblingen , Germany |
| management | Richard Kriegbaum |
| Number of employees | 5,650 (1998) |
| sales | 2.86 billion DM (1997) |
| Branch | Grocery retail |
Emil Kriegbaum KG was a family-owned retail company in Böblingen that was sold to the Metro Group in 1998 .
history
In 1919 Luise Zweygart inherited the food department of his wholesale company in Böblingen from her father. Her husband Emil Kriegbaum expanded the business by opening more retail stores.
In 1996/1997, the Kriegbaum company, which until then had only been present in southern Germany, opened four department stores in Berlin, one in Potsdam and one in Leipzig.
Most recently, a total of 96 department stores, grocery and hardware stores were operated under the name Multi-Center (formerly a self-service hall ), Multi-Markt , Multi-City , Vorteil-Kauf , Topkauf , Top-Baucenter and EKZ . The Kriegbaum Group employed 5650 people.
sale
On March 1, 1998, Richard Kriegbaum, Emil Kriegbaum's grandson, sold the company to Metro AG for an estimated DM 1.2 billion (€ 613 million) . The Böblingen company headquarters was dissolved in 1999, the department stores were renamed real and the pure grocery stores were renamed extra . The DIY stores, some of which were still called Top-Bau for a while , others were renamed Extra Bau + Hobby , then belonged to the Praktiker DIY group until it was closed .