Ludwig Beck at the Rathauseck

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Ludwig Beck am Rathauseck - Textilhaus Feldmeier AG

logo
legal form Corporation
ISIN DE0005199905
founding 1861
Seat Munich , GermanyGermanyGermany 
management
  • Christian Greiner, ( CEO )
Number of employees 442 (2019)
sales 95.3 million euros (2019)
Branch Textile trade
Website kaufhaus.ludwigbeck.de
As of December 31, 2019

Headquarters at Marienplatz in Munich (2019)
Arcades and shop windows
Facade design by Max Lacher (1905 to 1988)

Ludwig Beck am Rathauseck is a department store company from Munich that celebrated its 150th anniversary in 2011.

The company's head office, which is located next to Munich's town hall on Marienplatz and is a traditional institution in Munich, is well known and is also a tourist attraction . Upmarket fashion , textiles and cosmetics are sold there on seven floors , as well as accessories , gifts, wine , paper goods , books and recordings . According to its own information, the music department opened in 1988 generates around 1% of the world market share of classical music .

Most of the Ludwig Beck branches that opened their doors over the years were closed again by the end of the 2000s at the latest. In 2012, in addition to the main building on Marienplatz and the nearby haberdashery store Geknöpft und Zugenäht under the name HAUTNAH , the company opened a cosmetics store in the Fünf Höfe .

history

The history of Ludwig Beck AG began in 1861 with a button maker and trimmings workshop owned by the button maker and trimmings master Ludwig Beck († 1885), which he initially ran with four journeymen in Munich's old town . In 1874 Beck bought two more buildings on Marienplatz, which are still part of the company today. Ludwig Beck became royal Bavarian purveyor to King Ludwig II's court in 1876 , expanded the range to include fashion goods and grew to a company with 138 employees in 1938. In the same year, the Ludwig Beck company was inherited by the textile merchant Gustl Feldmeier († 1970) sold, who ran his own textile house, and has since operated as Ludwig Beck am Rathauseck . The former commercial building was completely destroyed in the Second World War. 1948 merged the company Ludwig Beck am Rathauseck and textile Hausfeld Meier. In 1954, Feldmeier acquired what is now the company's headquarters on Munich's Marienplatz, which is in the immediate vicinity. Max Lacher (1905 to 1988) was selected for the facade . The geometric shapes are based on elements of the Renaissance , the figures depict a merchant presenting a bale of cloth to an elegant customer. In the times of the economic miracle , Ludwig Beck already employed over 400 people and had a turnover of over DM 12 million.

From 1968 to 1989 Beck operated a branch at Fürstenrieder Straße 21 in the Laim district of Munich . In 1972 the first branch was opened in the Munich Olympic shopping center. In the 1980s, the company pushed ahead with its expansion - which in retrospect was considered to be less than successful : in New York City , a Beck branch opened in the then newly built Trump Tower for around DM 1 million, but it was closed again in 1985 due to poor sales. From the late 1980s, a total of twelve branches with the name Ludwig Beck Classics were opened nationwide - for example in Hamburg (1987), Cologne (1992–1995), Frankfurt am Main , Wiesbaden, etc .; however, by 1999 at the latest, all were closed again. Ludwig Beck was 1992 Aktiengesellschaft and went 1998 to the stock exchange .

Ludwig Beck has been affected by the recession in German retail since 2001 . With a strategy of trading up and by closing unprofitable branches, the company was able to detach itself from this development. Ludwig Beck Vertriebs GmbH has existed since 2002, which subsequently became the licensee of retail stores of other brands, e.g. Tommy Hilfiger (three branches were sold again in 2005), s.Oliver , Gerry Weber , Vero Moda or Esprit, in Munich and in other cities business. In 2003 losses of over one million euros had to be accounted for. In 2005 warehouse sales in Kuchen and Hechingen were abandoned. The company has a logistics center in Haar (near Munich) .

After the textile entrepreneur Hans Rudolf Wöhrl with the Intro Verwaltungsgesellschaft and his brother Gerhard Wöhrl with Rudolf Wöhrl AG had invested 25.16% in Ludwig Beck in spring 2006, both entrepreneurs were able to increase their shares in the coming years. The Intro management company increased its stake to approx. 65.5% in June 2009. This was done by buying a block of shares in Aton GmbH , which up to this point held 27.6% of the shares. Rudolf Wöhrl AG used the mandatory offer of the intro to sell approx. 20% of its block of shares from approx. 27% up to then.

From the mid-2000s, the parent company was rebuilt and modernized several times. The Ludwig Beck branches in Landshut and in the Riem Arcaden (opened in 2004) as well as the outlet store opened in Parsdorf near Vaterstetten in 2002 were closed in 2010, the location in Augsburg (opened in 2001) was closed in early 2011.

The brand portfolio of the company's beauty department has also been available for online shopping since the end of 2012.

In May 2015 Ludwig Beck took over the German competitor Wormland with 15 branches. In April 2019, all shares in Theo Wormland GmbH & Co. KG plus an additional seller payment of 7.5 million euros were sold again.

Company situation

Ludwig Beck achieved sales of EUR 86.2 million (−0.7 million compared to the previous year) and a consolidated net profit of EUR 2.7 million (−0.5 million compared to the previous year) in the 2008 financial year with 538 employees . The figures recovered again in the first six months of 2009: The branch-related sales rose in the first half of 2009 by 2.1% to EUR 44.3 million, the operating result (EBIT) improved by 33.1% in the reporting period 1.7 million euros. In 2010, Ludwig Beck AG ranked 62nd in terms of turnover on the list of the 95 largest textile retailers in Germany. The company closed the 2011 financial year with a profit of EUR 8.8 million. In the 2012 financial year, Ludwig Beck generated a profit of EUR 8.6 million.

literature

Web links

Individual evidence

  1. ↑ a b Management | Ludwig Beck. Retrieved September 22, 2019 .
  2. ↑ a b Annual Report 2019. (PDF) In: kaufhaus.ludwigbeck.de. Retrieved June 10, 2020 .
  3. ↑ Ludwig Beck - To our shareholders 2008 (page 19)  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (PDF; 472 kB), ludwigbeck.de, accessed: March 24, 2012@1@ 2Template: Toter Link / www.ludwigbeck.de  
  4. ↑ Culture Department of the City of Munich: Art in Building in the 1950s and 60s , 2018
  5. ↑ The former "Beck" - Munich's oldest ruin goes under the hammer , Abendzeitung from March 26, 2013; Retrieved May 14, 2014.
  6. ↑ Goldene Oase , spiegel.de, April 11, 1983
  7. ↑ Ludwig Beck at Trump Tower , hollein.com, accessed: March 24, 2012
  8. ↑ Ludwig Beck - Everything has to go in! , focus.de, August 1, 2007
  9. ↑ "Wöhrl holds two thirds of Ludwig Beck" (June 23, 2009)
  10. ↑ "Ludwig Beck buys Wormland" (May 12, 2015)
  11. ↑ GROUP QUARTERLY RELEASE Q1 2019. In: kaufhaus.ludwigbeck.de. Retrieved September 23, 2019 .
  12. ↑ "Annual Report of Ludwig Beck AG" (December 31, 2008)  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.ludwigbeck.com  
  13. ↑ The largest textile retailers in Germany 2010 ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 757 kB), textilwirtschaft.de, accessed: March 24, 2012 @1@ 2Template: Webachiv / IABot / www.textilwirtschaft.de
  14. ↑ Annual Report 2012 ( Memento of the original from March 5, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 2.9 MB) @1@ 2Template: Webachiv / IABot /haben.ludwigbeck.de

Coordinates: 48 ° 8 ′ 13.7 ″  N , 11 ° 34 ′ 35.7 ″  E