Media-Saturn

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Media-Saturn-Holding GmbH

logo
legal form GmbH
founding 1979
Seat Ingolstadt , Germany
management Ferran Reverter, Florian Wieser
Number of employees 62,000 (2017/18)
sales 21 billion euros (2017/18)
Branch Electronics retail
Website www.mediamarktsaturn.com

Media-Saturn (own name since February 2017 MediaMarktSaturn Retail Group , under commercial law Media-Saturn-Holding GmbH ) is the operator of a German electronics retail chain, which is also the largest in Europe. The company brings together the formerly independent electrical retail chains Media Markt ( proper spelling MediaMarkt ) and Saturn (formerly Saturn-Hansa ). The head office is in Ingolstadt . With the realignment of the Metro Group , the company has been part of the new Ceconomy Group since 2017 .

Company history and ownership structure

Saturn-Logo.svg
current Saturn logo
Logo Saturn alt.svg
old Saturn logo


Media Markt logo

Contrary to popular belief, there are no longer any separate companies, Media Markt or Saturn ; only the two brands continue to exist independently of one another. The division of labor between the brands stipulates that Saturn stores are often located in city centers, while media stores are more likely to be set up in shopping centers located "on the greenfield".

Corporate structure

The MediaMarktSaturn Group is organized on a decentralized basis under company law. The individual stores are managed as legally independent companies, the majority of which belongs to the MediaMarktSaturn Retail Group. The managing directors of the stores are minority stakeholders (generally 10 percent) and can decide within limits on the range of goods, prices and advertising.

The well-known advertising campaigns for the brands Media Markt, Saturn and redcoon are designed by the internal marketing organization redblue Marketing GmbH in Munich . The name refers to the corporate colors of the two brands. The MediaMarktSaturn Group's advertising expenditure in 2007 amounted to around 500 million euros.

In 1988, Kaufhof Warenhaus AG acquired a 54 percent majority in the holding company for Media-Markt, which was founded in 1979. In 1990 Media Markt took over the competing retail chain Saturn, in which Kaufhof was already involved. The Kaufhof Holding AG was founded in 1996 with the Metro Cash & Carry , the Deutsche SB-Kauf AG and the German department store Asko AG (where a Metro holding company had previously each held shares) for Metro AG merged. Since the merger to form the MediaMarktSaturn Retail Group, Media Markt and Saturn have been managed as independent brands in a centrally managed group.

The Metro Group now held 75.41 percent of the capital of Media-Saturn-Holding GmbH. Metro Holding, for its part, is formally independent as an AG, but in fact the holding company Franz Haniel & Cie. GmbH pulls the strings and decides on structural issues of Metro Holding. Metro has held around 78% of the shares since January 2013. Another 21.67% are owned by the Kellerhals family through their indirectly held investment company Convergenta Invest.

Until December 31, 2006, Leopold Stiefel - one of the founders of Media Markt - was managing director and partner of Media-Saturn-Holding. Since January 1st, 2011 Horst Norberg has acted as managing director. He resigned on May 6, 2014 with immediate effect. Pieter Haas has been in charge of the company since then.

This had to leave the company with immediate effect after a third reduction in profit targets and a related short fall in the share in October 2018. The also dismissed CFO Mark Frese took over the management of the company until Dieter Haag Molkenteller was appointed to the management board.

In November 2018, the former Spain boss of Media-Saturn, Ferran Reverter, was appointed as the new general manager.

Shareholder dispute

Convergenta Invest, the holding company of the Kellerhals family, has been involved in sometimes bitter shareholder disputes with the majority shareholder Metro AG since 2011. These resulted in decisions by the Munich Higher Regional Court and the Federal Court of Justice. The disputes between the shareholders continued after that. Convergenta Invest therefore proposed at the end of 2016 that the investor Clemens Vedder should act as mediator in the corporate law disputes between Convergenta Invest and Metro. After negotiations, Vedder suggested that Metro Kellerhals buy its MSH shares for around 2.6 billion euros. Kellerhals agreed to the proposal, Metro declined it. Kellerhals died on December 25, 2017.

Advisory Board Media-Saturn-Holding GmbH

Against the background of sluggish business development at Metro-Saturn, especially in online trading, the shareholders' meeting of Media-Saturn-Holding GmbH decided to set up an advisory board in 2011 with the votes of the majority shareholder, Metro AG. In this, important shareholder decisions could only be made with a simple majority. Previously, due to the special veto rights of Kellerhals / Convergenta (important decisions require 80% of the votes), these could only be made with the consent of both shareholders, namely Convergenta and Metro AG. Metro AG was now able to make these decisions via the newly established advisory board without the consent of Kellerhals. The establishment of such an advisory board was provided for in the articles of association in the event that the last founding partner withdraws from the operative business - this was the case with the withdrawal of Leopold Stiefel at the end of 2006.

Convergenta saw this as an inadmissible circumvention of its shareholder rights and challenged the shareholder resolution against it first before the regional court in Ingolstadt and then before the OLG Munich. She lost this lawsuit because the Munich Higher Regional Court saw a sufficient basis in the articles of association for the establishment of the advisory board.

Subsequently, Metro had it established in arbitration proceedings that the advisory board is exclusively responsible for certain management measures and that a simple majority is sufficient for decisions of the advisory board (i.e. Kellerhals has no right of veto). This includes decisions about the budget, the purchase and sale of subsidiaries, rental contracts and personal details such as the appointment of managing directors of the national companies. For other decisions, Metro still needs a majority of 80 percent based on the original arbitration award - such as for the appointment or dismissal of managing directors of the Media-Saturn-Holding.

Kellerhals / Convergenta sued against the enforceability of this arbitral award, but was unsuccessful after a decision by the Federal Court of Justice on April 16, 2015.

Voting behavior of Metro in shareholders' meeting

Another shareholder dispute was about the (alleged) duty of Metro AG to vote in a certain sense in the shareholders' meeting. The occasion was a vote at the end of 2012 on various location measures such as the opening of new Mediamarkt / Saturn locations in Germany and abroad and the conclusion of new rental agreements. At the shareholders 'meeting of the Media-Saturn-Holding, Metro voted against the respective location measure in nine cases on the grounds that no shareholders' resolution was necessary for this, rather the management could decide this alone.

Kellerhals / Convergenta took action against this with an action for annulment and declaratory judgment. However, the Federal Court of Justice dismissed this action in a ruling on April 12, 2016. As a shareholder, Metro is fundamentally free to vote. There is an obligation to vote in a certain sense only if no other vote is conceivable to pursue the interests of the company, otherwise only serious disadvantages arise and the shareholder's own interests must take second place. In the present case, this was not evident when the planned nine location measures were rejected, also in view of the size of the Mediamarkt / Saturn group. Metro also did not act in violation of the law against the minority shareholder Convergenta Invest / Kellerhals with its voting behavior.

Split of Metro AG

In 2016 it became known that the holding company of the MediaMarktSaturn Retail Group, Metro AG, will be split into two independent companies from mid-2017. Kellerhals / Convergenta has announced that it will take legal action against this split. He justifies this with the fact that the split only serves to damage him, only benefits the major shareholders of Metro AG and is disadvantageous in terms of taxation. On June 22, 2016, the Düsseldorf Higher Regional Court ruled that the actions for annulment brought by Kellerhals did not preclude entry of the split in the commercial register.

On July 12, 2017, the remaining business of the Metro Group was spun off as Metro Wholesale & Food Specialist AG. The electronics division with the brands Media Markt, Saturn and Redcoon remained in Metro AG, which now appears on the market as Ceconomy AG.

"Media Markt" brand

Media Markt in Weiterstadt
Media Markt in Goslar
Media Markt vending machine at Hamburg Airport

Media Markt was founded in 1979 in Munich by the four entrepreneurs Leopold Stiefel , Walter Gunz , Erich Kellerhals and Helga Kellerhals. Their idea was to set up a large electronics store as a counterpart to electrical retailers and mail order. On Saturday, November 24th 1979, the first market in the Euro-Industriepark in Munich opened. By 1985, nine more stores had opened near Munich.

In 1989, after Kaufhof AG became involved, expansion began initially into neighboring countries.

On November 17, 2010, the first Media Markt was opened in Huai Hai Road, Shanghai (China). By 2012, six more stores followed in the Far East, which were realized together with Foxconn via a joint venture and were intended to simplify entry into the Chinese market. In January 2013 it became known that Media Markt was withdrawing from China because the Metro Group could not raise the capital required for further expansion . The move away from the Chinese market took place within a few months: most branches were closed on March 11th, only one branch in Shanghai remained open until April 30th in order to be able to offer customer service. Telephone support ended on June 30th.

In summer 2018, Media-Saturn announced its withdrawal from Russia. The 63 existing stores are being sold for 258 million euros to a holding company that unites the competitors M.Video and Eldorado . The changeover should take place by the 2nd quarter of 2019, subject to approval by the Russian antitrust authorities.

Today there are over 1000 Media and Saturn stores in 14 countries (as of September 30, 2018).

country Local
brand name		 Market
entry		 Markets
Germany Media Markt + Saturn 1979 432
Belgium Media Markt 2002 29
Greece Media Markt 2005 12
Italy Media World 1991 115
Netherlands Media Markt 2000 49
Austria Media Markt + Saturn 1990 52
Poland Media Markt 1998 86
Portugal Media Markt 2004 10
Sweden Media Markt 2006 28
Switzerland Media Markt 1994 27
Spain Media Markt 1999 85
Turkey Media Markt 2007 71
Hungary Media Markt 1997 24
Luxembourg Saturn 2008 2

A Media Markt has an assortment of an average of 45,000 items, including from the areas of telecommunications , computers , photography , hi-fi and electrical appliances .

The brand has become known primarily through the slogan "I'm not stupid!" (In other European countries sometimes with slight modifications), which has been widely used in advertising since 1995, but the main motto is always through other mottos such as "Saubillig and much more ”is accompanied. Since October 2015, Media Markt has been using the slogan “The main thing is that you have fun!” In its commercials . The Hirschen Group is responsible for the spots for the first time . A commercial takes up the shirt sponsorship at FC Ingolstadt 04 .

"Saturn" brand

Hansa high-rise in Cologne
Saturn market in Leipzig Central Station
Two-storey Saturn market in the Limbecker Platz shopping center in Essen
Saturn department store in Mönckebergstrasse in Hamburg
Saturn market in Madrid (Spain)
Saturn branch in downtown Munich
Saturn market with a characteristic orange light gate

Markets

The first Saturn-Hansa store was opened in July 1961 by Friedrich Wilhelm and Anni Waffenschmidt at Cologne's Hansaring . Electronic entertainment items were mainly sold to “diplomats from all over the world” on 120 m². In 1968 the two founded the company Hansa-Foto. Since 1969 private customers have also been able to shop at "Saturn" and "Hansa-Foto". In 1972, the Waffenschmidts opened the first technical department store in Cologne with what they claim to be the "largest record show in the world". In the early 1980s, a large branch was opened on Theresienhöhe in Munich, followed by a branch in Frankfurt am Main in 1985 with the participation of the Kaufhof Group. Saturn was acquired in 1990 by the Media Markt holding company, both of which were merged into the MediaMarktSaturn Retail Group. The Saturn stores were decentralized like media stores.

In 1992 there were seven Saturn Hansa stores (Cologne, Frankfurt, Munich, Dortmund, Hanover, Nuremberg, Gelsenkirchen).

The area of ​​a market is usually between 2,100 m² and 10,000 m². An exception (and at the same time the largest connected electronics store in the world) can be found in Hamburg with 18,000 m² and six floors. Its creation is related to the merger of the Horten and Kaufhof brands in the mid-1990s: In Hamburg, two Kaufhof department stores would have stood next to each other in a very good location on Mönckebergstrasse, right by the main train station . Since Saturn, like Kaufhof, belongs to the Metro group, the former hoarding department store was occupied in 1999 with its own electronics store.

In May 2015, the smallest Saturn store in Germany to date opened in the basement of the Schlosshöfe Oldenburg , with an area of ​​only 2,000 m², especially since the Metro Group has announced that it is placing value on smaller spaces in Media and Saturn stores. The announcement is not taken into account in some branch plans (e.g. in Bielefeld by moving out of the now closed Galeria Kaufhof in favor of the new construction of the City-Passage, which will take one and a half years).

As of July 1, 2011, the 36 SATURN stores in France were sold to the HTM Group.

In September 2012 it became known that due to the lack of success, the Saturn stores in Switzerland were to be renamed Media Markt stores, but this was neither confirmed nor denied by the company. In fact, Saturn Switzerland made a loss of CHF 20 million in 2011. In addition, a campaign “3 years SATURN in Switzerland” planned for the beginning of October 2012 was withdrawn, but a corresponding newsletter was still sent incorrectly. On October 8, 2012, Carsten Sommer, CEO of Saturn Switzerland, stated that the “Saturn” brand would continue to be used in Switzerland and that there were no resolutions to withdraw or change the name.

A good six months after the declaration that the brand "Saturn" was to be expanded further in Switzerland, the withdrawal of the brand from Switzerland was announced on April 9, 2013. Now it was said that four of the six Swiss locations should be converted into "Media Markt" by July 2013, the two locations in Spreitenbach and Winterthur would most likely be given up. Two further planned new locations are currently suspended and are to be implemented in 2014 as “Media Markt” locations. At the end of June 2013, the Saturn branches in Spreitenbach and Winterthur were finally closed and the other four branches were renamed Media-Markt. The Saturn brand was also given up in Hungary in favor of Media Markt. Since November 1, 2012, the former Hungarian Saturn stores have been trading as Media Markt.

The 150th Saturn store was opened in Kiel on November 29, 2012 .

At the beginning of October 2013 it was announced that Saturn is also withdrawing from Belgium. The Saturn store in Antwerp is closed, the branches in Kortrijk, Bruges, Wilrijk and Liège are renamed Media Markt. In 2013 the five existing stores in Turkey were converted into Media Markt with all their staff. On June 27, 2014, the MediaMarktSaturn Retail Group announced that it would also change the flag of the 13 Dutch Saturn stores to Media Markt stores by autumn 2014. All jobs should be kept. At the beginning of 2015, the Saturn stores in Italy were also converted into Media Markt stores (local brand name Media World).

In Poland, the switch to Media Markt took place at the beginning of 2018.

In August and September 2020, all 15 Saturn stores in Austria are to be converted into media stores.

Currently (April 2019) there are around 168 Saturn stores in three countries across Europe.

country Markets
Germany 155
Luxembourg 2
Austria 11

marketing

Saturn advertised in 1999 and 2000 with the slogan "That doesn't exist." At that time, the fictional character Blue was used. From 2002 to 2007, Saturn advertised with the slogan “ Avarice is cool ”, triggering a nationwide debate on consumer behavior and the situation in the German economy. The slogan quickly became commonplace. The slogan was developed by the Hamburg advertising agency Jung von Matt . From the end of October 2007, the slogan “We love technology. We hate expensive ”, from the end of December 2007“ We hate expensive ”, used in commercials with the old sound logo .

From October 24, 2009, Alice Cooper began promoting Saturn. "Saturn - Sternhagel-Cheap" was chosen as the advertising slogan. From October 25, 2010 - up to one day to mark the one year anniversary of the new advertising medium - Alice Cooper was supported by Bill Kaulitz , singer of the band Tokio Hotel . For this purpose, Scholz & Friends shot spots in Los Angeles again . This new campaign ran until the end of December 2010 under the title “Jetzt rockt's right” until the end of December 2010. In 2011, Saturn advertised its 50th birthday with Michael Buffer as a new advertising medium. For this purpose, the slogan “Avarice is cool” was used again. On October 19, 2013, a new advertising campaign appeared nationwide, which MC Fitti supports as a testimonial with his song "#futuretechnik" . The main character of the campaign is the Saturn employee Tech-Nick , played by Antoine Monot, Jr. Since November 2017 the company has been implementing its new brand positioning "Technology (er) Leben".

The in-house tri-media content marketing platform "TURN ON" is operated as a print magazine (circulation around 300,000 copies), as an online magazine and as a separate YouTube channel. Consumer tech news and lifestyle trends are the subject of discussion on the platform.

"Redcoon" brand

Redcoon headquartered in Aschaffenburg was a discount - Online Shop with assortment of gravity consumer electronics in Germany and Austria. The company was active in several European countries. It was founded in 2003 by the former MediaMarkt manager Reiner Heckel. Sales in the 2007/2008 financial year were EUR 138 million.

In March 2011, a takeover by the MediaMarktSaturn Retail Group ( Metro AG ) became known, which so far had not been able to successfully set up its own online shop. The purchase price was around EUR 125 million.

redcoon minority shareholder Majdic had numerous pick-up shops for his dispatch in Austria located in the immediate vicinity of MediaMarkt stores.

From November 2012, the company advertised u. a. with the models Micaela Schäfer , Jordan Carver and Gina-Lisa Lohfink , with the claim “There has never been so much cheap!”, an ironic allusion to the public image of the advertising personalities. Furthermore, Alfons Schuhbeck was also hired as an advertising medium.

According to several reports in Manager Magazin , the MSH Holding is now aiming to reverse the Redcoon purchase. The commercial background is the high operating losses of Redcoon: Redcoon generated a gross profit loss of EUR 45.2 million in the 2015/2016 financial year. The EBIT loss in the same financial year was EUR 120.3 million. MSH-Holding has therefore sued the previous owners for reimbursement of the purchase price and losses of up to EUR 300 million. Alleged antitrust violations are cited as the reason for the lawsuit. A first judgment in favor of MSH-Holding against one of the previous owners has already been issued.

The redcoon online shop was discontinued in May 2018. This means that redcoon only serves the Polish market.

"Juke" brand

In 2009, Media-Saturn-Holding took over the majority of the nine-year-old company 24-7 Entertainment GmbH , which in the past had already acted as a technical service provider behind the digital music sales portals of MediaMarkt and Saturn. This offer was to be supplemented by an independent music streaming service under its own Juke brand. JUKE 24-7 Entertainment GmbH will present itself to the public for the first time at IFA 2011 .

In August 2015, the domain changed from www.myjuke.com to www.juke.com. In the course of the changeover, JUKE was no longer only available as a subscription service, but music could also be purchased digitally, as well as e-books, games, software titles as well as films and series. In many cases, films and series could also be loaned out with a loan period of 48 hours. At the end of 2017, JUKE announced that from January 1, 2018, only music streaming will be offered. Customers who had previously purchased items should download them by December 31, 2017 for later offline use.

In 2017, Media-Saturn sold its B2B music subsidiary 24-7 Entertainment GmbH, including Juke Entertainment GmbH, to the British company 7digital , becoming the largest shareholder and most important customer at the same time. On May 1, 2019, it was decided by contract that Media-Saturn would end its cooperation with 7digital and properly sell its 11.5% stake after paying a severance payment of 4.5 million euros. In particular, the contract includes the settlement of the costs of terminating juke music streaming. The service was finally discontinued on April 30, 2019.

Service provider "RTS Service Group"

At the end of 2015, Media-Saturn took over the RTS Service Group with its brands Tec Repair , Tec-Instore , Profectis and Jetsam . The service company handles repairs and services with 1,200 employees nationwide. In September 2019, Media-Saturn announced the closure of Profectis at the end of the year.

Service provider redblue

Redblue Marketing GmbH is the internal marketing organization of the MediaMarktSaturn Group. She coordinates brand communication for the subsidiaries in the areas of communication, brand, digital, CRM, data analytics and media. The company employs around 440 people. The managing director is Manfred Bosch.

Redblue emerged from the former advertising department of the Media Markt Germany brand and was founded on April 1, 2000 in Munich. Since then she has been developing advertising concepts and taking care of their implementation and placement in all media. The name redblue refers to the corporate colors of the two brands Media Markt and Saturn, which are supported in a total of 15 countries: Germany, Austria, Belgium, Luxembourg, Switzerland, Spain, Greece, Hungary, Italy, the Netherlands, Poland, Portugal, Sweden, Russia and Turkey .

criticism

Misleading advertising practices

Item without VAT

In a 2005 campaign, Media promised to sell items "without VAT" (with a VAT discount). In fact, the prices for these items were previously increased in order to achieve the de facto normal price. A competitor sued a branch in Mannheim. The court agreed with him:

“The Higher Regional Court confirmed [...] a decision by the Mannheim Regional Court. It is misleading to advertise with the reduction of a price if it has not been requested beforehand. "

Decoy offers

The MediaMarktSaturn Retail Group has made decoy offers in the past : Articles were advertised extensively at extremely low prices, but were sold out after a very short time. According to the case law on the Unfair Competition Act (UWG), advertised special offers must be available for at least two days. Consumer advocates criticized that this was often not guaranteed at Media Markt and Saturn. The corporation denied that; there were only a few exceptions despite large stocks. Concrete evidence of such cases is generally difficult because consumer advocates do not have access to the company's delivery data. In 2007, the Ingolstadt Regional Court issued an order to find out whether the MediaMarktSaturn Retail Group was responsible for advertising the many formally independent stores.

Price guarantee

In 2005, samples from the Frankfurter Allgemeine Zeitung in the Munich area showed that Media or Saturn stores were more expensive than local competitors in 15 out of 21 cases. In Berlin they were 11 out of 21 cases. The MediaMarktSaturn Retail Group countered the allegations with a “price guarantee”, which promised buyers a refund of the price difference if they found the product at a cheaper price in another store.

0% financing

In 2013, 0% financing by the Spanish bank Banco Santander was criticized. Credit default insurance is only taken out if there is a note in the small print, which costs 10%.

Using a song by Rio Reiser

Media Markt commercials broadcast in 2006 contained a song with the text “Saubillig and much more”. The song was a rewrite of the title King of Germany by Rio Reiser . Reiser's friends and supporters have complained that the song was misused for promotional purposes, as Reiser was an avowed anti-capitalist and was to be posthumously pushed into a role that he rejected while he was still alive.

Advertising with Uwe Seeler

In April 2008, the group started an advertising campaign limited to Hamburg and the surrounding area with HSV idol Uwe Seeler as a "low-price trainer" for the Hamburger Schnäppchen Verein . The group used the abbreviation "HSV", which also stands for the Hamburger Sport-Verein , in a striking way . The association's board then commissioned lawyers to prevent this. Shortly afterwards, similar posters appeared in the cityscape, on which the group now advertised the Hamburg Sensations Club , but without using the abbreviation “HSV”.

Exclusive sale of Intel PCs

According to research by the Financial Times Deutschland published in 2008, the MediaMarktSaturn Retail Group made a commitment to Intel in 1999 to exclusively sell PCs with Intel processors. For this, the holding company received 85 million euros in purchase discounts and advertising subsidies from Intel in 2007 alone. The European antitrust authorities investigated because of distortion of competition. Intel was fined 1.06 billion euros by the European Competition Commission in May 2009 for this and other competition law violations.

The retail chain was motivated by Intel's discount system to only have insignificant or no computers with AMD processors in its range. According to the EU Commission, Intel has made direct and indirect payments to MSH since 1997. The payments were tied to the condition that, if possible, only offer Intel systems.

Body searches after theft

In 2014 in Krems an der Donau in Lower Austria , after thefts at Media Markt, which are said to have been committed by employees, not only bag checks, as is common in many companies, but also body searches of all employees. The trade unions see this as a violation of human dignity . As a result, employees from other branches in Austria also reported this procedure. The company blamed this procedure on the security service providers.

Antitrust proceedings

On June 13, 2014, the Austrian Federal Competition Authority (BWB) announced a decision by the Cartel Court of April 23, 2014 (6 ct 19/14) against Media-Saturn BeteiligungsgmbH. A fine of 1,230,000 euros was imposed due to vertical price agreements on retail prices with the electronics industry between October 2009 and the beginning of 2013.

Competitors

The US Best Buy group is the global market leader in sales in the consumer electronics sector . MediaMarktSaturn and Best Buy have so far (as of May 2016) only competed in Turkey. The Euronics purchasing group is the second largest competitor in Europe.

Web links

Commons : Media-Saturn-Holding  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Wieser becomes Media-Saturn Managing Director in: Musikwoche , June 3, 2019
  2. ↑ a b Company - self-image. Retrieved April 18, 2019 .
  3. ↑ MediaMarktSaturn Retail Group. Retrieved March 9, 2017 .
  4. ↑ metrogroup.de ( Memento from March 28, 2009 in the Internet Archive ) ( archive.org )
  5. ↑ Media-Saturn co-founder sold to Metro. Retrieved February 13, 2013 .
  6. ↑ Corporate structure of the Convergenta Invest Group. Retrieved June 18, 2017 .
  7. ↑ Media-Saturn boss Horst Norberg resigns , Spiegel Online, May 6, 2014.
  8. ↑ That was too stupid - MediaSaturn bosses have to go manager magazin, October 13, 2018
  9. ↑ Managing Director Kirsch is also leaving Media-Saturn channelpartner.de, November 14, 2018
  10. ↑ OLG Munich, judgment of August 9, 2012, Az. 23 U 4173/11. August 9, 2012, accessed June 18, 2017 .
  11. ^ BGH, decision of April 16, 2015, Az. I ZB 3/14. April 16, 2015, accessed June 18, 2017 .
  12. ↑ a b BGH, judgment of April 12, 2016, Az. II ZR 275/14. April 12, 2016. Retrieved June 18, 2017 .
  13. ↑ Clemens J. Vedder proposed as mediator by Convergenta Invest. November 4, 2016. Retrieved June 18, 2017 .
  14. ^ Sören Jensen: Disagreed Media-Saturn owners find mediators. November 23, 2016. Retrieved June 18, 2017 .
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  17. ↑ OLG Munich, judgment of August 9, 2012, Az. 23 U 4173/11. August 9, 2012, accessed June 18, 2017 .
  18. ^ Higher Regional Court Munich: judgment of August 9, 2012, Az .: 23 U 4173/11. Retrieved June 18, 2017 .
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  20. ↑ Defeat before the BGH: Gleiss client Kellerhals cannot force Metro voting. September 30, 2015, accessed June 18, 2017 .
  21. ^ BGH, decision of April 16, 2015, Az. I ZB 3/14. April 16, 2015, accessed June 18, 2017 .
  22. ↑ Defeat before the BGH: Gleiss client Kellerhals cannot force Metro voting. April 12, 2016. Retrieved June 18, 2017 .
  23. ↑ Federal Court of Justice, judgment of April 12, 2016, Az. II ZR 275/14. April 12, 2016. Retrieved June 18, 2017 .
  24. ↑ Federal Court of Justice, judgment of April 12, 2016, Az. II ZR 275/14. April 12, 2016. Retrieved June 18, 2017 .
  25. ↑ Media-Saturn founder Kellerhals is not giving up. March 10, 2017. Retrieved June 18, 2017 .
  26. ↑ Kellerhals, Erich: The true motive of a group split. May 22, 2017. Retrieved June 18, 2017 .
  27. ↑ Metro wins against Kellerhals. June 22, 2017. Retrieved June 23, 2017 .
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  29. ↑ 30 years of Media Markt: The number one consumer electronics store starts the anniversary year with a big campaign. Accessed August 31, 2019 .
  30. ↑ Media Markt's battle for China . ( Memento of May 24, 2010 in the Internet Archive ) In: Financial Times Deutschland , May 21, 2010.
  31. ↑ Media Markt fails in China. Retrieved December 8, 2015 .
  32. ↑ Ceconomy seals the sale of the loss-making Russia business in the Handelsblatt , 20. June 2018
  33. ↑ Media-Markt parent company sells Russian business in: Ostexperte.de , June 20, 2018
  34. ↑ International presence. September 30, 2018, accessed May 17, 2019 .
  35. ↑ RED 2013_ebook_DE. Retrieved December 8, 2015 .
  36. ↑ "THE MAIN MATTER YOU HAVE FUN!": NEW SPOTS FROM MEDIA-MARKT. In: W&V . Retrieved November 29, 2015 .
  37. ↑ Metro insists on smaller areas at Media-Saturn , article from the Immobilien-Zeitung from July 31, 2014, accessed on January 27, 2016
  38. ^ Article about the alleged withdrawal from Saturn Switzerland. Look.
  39. ↑ Interview with Carsten Sommer. in view.
  40. ^ Off for Saturn stores in Switzerland. Heise Online, April 9, 2013.
  41. ↑ Saturn disappears from Switzerland. Blick, April 9, 2013.
  42. ↑ Saturn Winterthur is closing. Tages-Anzeiger, May 7, 2013.
  43. ↑ Saturn Spreitenbach closes. Aargauer Zeitung, April 11, 2013.
  44. ↑ Saturn was integrated into the Media Markt. (ung.)
  45. ^ Saturn withdrawal from Belgium and criticism from the Media Markt founder. Retrieved December 8, 2015 .
  46. ↑ The slow death of the Saturn brand in: W&V May 29, 2018
  47. ↑ MediaMarkt and Saturn merge in Austria. In: stadt-bremerhaven.de. July 13, 2020, accessed on July 13, 2020 .
  48. ^ Frankfurter Allgemeine Sonntagszeitung , October 21, 2007.
  49. ↑ crn.de
  50. ↑ heise online
  51. ^ Metro Group Annual Report 2011. Accessed August 20, 2017 .
  52. ↑ Media Saturn apparently wants to get rid of Redcoon. Retrieved August 20, 2017 .
  53. ↑ Media Markt is hiring redcoon in: CE today , May 4, 2018
  54. ^ Sven Hansen: Media-Saturn-Holding takes over majority of 24-7-Entertainment. In: heise online. March 25, 2009. Retrieved April 18, 2019 .
  55. ↑ 13 million songs at JUKE 24-7 Entertainment GmbH starts JUKE, Europe's simplest music streaming service. In: presseportal.de. January 1, 2011, accessed April 18, 2019 .
  56. ↑ Media-Saturn launches new entertainment portal JUKE. In: media-saturn.com. Retrieved October 30, 2016 .
  57. ↑ Ingo Pakalsk: Juke soon only with music streaming flat rate. In: golem.de. November 7, 2017, accessed April 18, 2019 .
  58. ↑ MediaMarktSaturn acquired a stake in the digital music company 7digital. In: mediamarktsaturn.com. June 20, 2017. Retrieved April 18, 2019 .
  59. ↑ 7digital Agrees to $ 4.5 Million Settlement That Ends Juke Partnership. In: billboard.com. April 3, 2019, accessed April 18, 2019 .
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