Globus (hypermarket)

Last updated

Globus
Native name
Globus SB-Warenhaus Holding
Type GmbH & Co. KG
Industry Retail
Founded1828
1966 (first Globus store)
FounderFranz Bruch
Headquarters,
Germany
Number of locations
74 hypermarkets in Germany, the Czech Republic, and Russia; 91 DIY stores in Germany and Luxembourg
Area served
Europe
Revenue6,812,300,000 euro (2021)  OOjs UI icon edit-ltr-progressive.svg
259,300,000 euro (2021)  OOjs UI icon edit-ltr-progressive.svg
136,000,000 euro (2021)  OOjs UI icon edit-ltr-progressive.svg
Number of employees
44,900 (June 2018)
Website http://www.globus.de

Globus Hypermarket Holding (Globus SB-Warenhaus Holding GmbH & Co. KG), branded as Globus, is a German retail chain of hypermarkets, DIY stores and electronics stores.

Contents

History

Franz Bruch, the founder Franz Bruch.jpg
Franz Bruch, the founder

In 1828, Franz Bruch (1801–1865) opened a grocery store under his own name in Sankt Wendel, a town in northeastern Saarland, Germany. Management of the company passed to his son Joseph Adam Bruch (1837–1905) in 1865. Joseph Karl Bruch (1873–1949), the founder's grandson, took over from his father in 1905. Since then, the company has developed from being a retailer only and expanded into wholesale. On 1 February 1949, Joseph died and his two sons, Franz-Josef and Dr Walter Bruch (1913–1999), took over the company, now converted to a limited-liability company. In 1953 the company opened its first self-service grocery at its headquarters under the name "A. Backhaus KG".

On 1 July 2020, Thomas Bruch handed over the management of Globus Holding to his son Matthias Bruch. [1] In August 2020, Globus SB department stores joined the RTG (Retail Trade Group) retail cooperation, currently one of the largest retail cooperations in Germany. [2] At the end of 2020, the Federal Cartel Office Globus approved the takeover of up to 24 Real stores. [3] [4]

Globus around the world

CountryFirst storeNumber of stores
Czech Republic199616
Germany196662 (+ 89 DIY)
Russia200615
Luxembourg20072 DIY

Controversy

Despite Russia's invasion of Ukraine in 2022, Globus Group continues operations in Russia, which has drawn criticism. [5] Despite the public pressure, the managing director Matthias Bruch wants to continue the business in Russia for financial reasons. [6] [7]

Related Research Articles

<span class="mw-page-title-main">Grocery store</span> Retail store that primarily sells food and other household supplies

A grocery store (AE), grocery shop (BE) or simply grocery is a foodservice retail store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, and is not used to refer to other types of stores that sell groceries. In the UK, shops that sell food are distinguished as grocers or grocery shops.

<span class="mw-page-title-main">Metro AG</span> German multinational wholesaling company

Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. Until 2020, it was also active in the general retail business through the Real division, which was sold to an investor consortium.

<span class="mw-page-title-main">Hypermarket</span> Big-box store combining a supermarket and a department store

A hypermarket is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in one trip. The term hypermarket was coined in 1968 by French trade expert Jacques Pictet.

A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.

SPAR, originally DESPAR, styled as DE SPAR, is a Dutch multinational franchise that provides branding, supplies and support services for independently owned and operated food retail stores. It was founded in the Netherlands in 1932, by Adriaan van Well, and as of 2021 consists of 13,623 stores in 48 countries.

<span class="mw-page-title-main">Big-box store</span> Physically large retail establishment

A big-box store is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores.

<span class="mw-page-title-main">Auchan</span> French multinational retail company

Auchan is a French multinational retail group headquartered in Croix, France. It was founded in 1961 by Gérard Mulliez and is owned by the Mulliez family, who has 95% stake in the company. With 354,851 employees, of which 261,000 have 5% stake in the company, it is the 35th largest employer in the world.

<span class="mw-page-title-main">Edeka</span> German supermarket corporation

The Edeka Group is the largest German supermarket corporation as of 2017, holding a market share of 20.3%. Founded in 1907, it currently consists of several co-operatives of independent supermarkets, all operating under the umbrella organisation Edeka Zentrale AG & Co KG, with headquarters in Hamburg. There are approximately 4,100 stores with the Edeka nameplate, ranging from small corner stores to hypermarkets. On 16 November 2007, Edeka reached an agreement with Tengelmann to purchase a 70% majority stake in Tengelmann's Plus discounter store division, which was then merged into Edeka's Netto brand, resulting in around 4,200 stores by 2018. Across all brands, the company operated a total of 13,646 stores at the end of 2017.

<span class="mw-page-title-main">Kaufland</span> German multinational hypermarket chain owned by Schwarz Group

Kaufland is a German hypermarket chain, part of the Schwarz Gruppe which also owns Lidl. The hypermarket directly translates to English as "buy-land." It opened its first store in 1984 in Neckarsulm and quickly expanded to become a major chain in what was formerly East Germany. It operates over 1,500 stores in Germany, Croatia, the Czech Republic, Slovakia, Poland, Romania, Bulgaria and Moldova.

<span class="mw-page-title-main">Mein Real</span> German hypermarket chain

Mein Real is a chain of hypermarkets in Germany, until 2020 owned by Metro AG. It was formed in 1992, from the merger of chains divi, Basar, Continent, Esbella and real-kauf. Until 2014 it was also active internationally, in Poland, Romania, Russia, Ukraine and Turkey; most of these operations were bought by French retail company Auchan Group. In 2018, Metro decided to divest the Real chain and in 2021, the Real brand began to cease trading for hypermarkets as several markets were taken over by either Edeka, Kaufland, Globus, Rewe or V-Markt and got rebranded with the brand of the respective new owner. The process of selling was finished by mid of 2022. However, the original plans to liquidate real completely were dropped in early 2022 when it was decided that the remaining 60 stores will continue under the real brand name under new ownership. Real's former website (real.de) was replaced by kaufland.de in 2021. The new website can be found at meinreal.de.

<span class="mw-page-title-main">Selgros</span> German cash and carry store chain owned by Coop (Switzerland)

Selgros is a cash and carry chain in Europe, owned by Transgourmet Holding, a wholly owned subsidiary of Coop (Switzerland). It started in 1989 as a joint venture between Rewe Group (50%) and Otto Group (50%). In March 2008, Rewe took over 100% of the company, and in October 2008 formed the Transgourmet Holding company with Coop. In 2011, Coop purchased the remaining interests of Transgourmet, which included Selgros.

OBI GmbH & Co. Deutschland KG is a German multinational home improvement supplies retailing company. It is headquartered in Wermelskirchen and operates 668 stores in Europe, of which 351 are in Germany.

<span class="mw-page-title-main">Lidl</span> German multinational discount supermarket chain owned by the Schwarz Group

Lidl is a German international discount retailer chain that operates over 12,000 stores, present in every member state of the European Union, Serbia, Switzerland, the United Kingdom and the United States. Headquartered in Neckarsulm, Baden-Württemberg, the company belongs to the Schwarz Group, which also includes hypermarket chain Kaufland.

René Benko is an Austrian real estate, media and retail investor and founder of the Signa Holding. The company is considered Austria's largest privately held real estate conglomerate. Benko is one of the richest Austrians. Numerous controversies have surrounded Benko’s professional career.

<span class="mw-page-title-main">Kika (retailer)</span>

Kika is an international chain of furniture stores, headquartered in Austria. It has 70 stores, most of them in Europe.

X5 Group is Russia's largest food retailer. In 2012, the organization of X5-Retail Group LLC was liquidated, and in 2018 X5 Group LLC was opened.

<span class="mw-page-title-main">Digitec Galaxus</span> Swiss online retailer

Digitec Galaxus AG is the biggest online retailer in Switzerland. It operates the digitec and Galaxus online shops as well as ten stores in the German and French speaking parts of Switzerland.

<span class="mw-page-title-main">Leonid Dovladbegyan</span> Russian and Armenian entrepreneur

Leonid Dovladbegyan is a Russian and Armenian entrepreneur, top manager, and venture capitalist. From 2019 to July 2022, he has been the CEO of Vprok.ru Perekrestok.

References

  1. "Das Schlaf‐Element ‐ Elementerätsel Juli/August 2020". Nachrichten aus der Chemie. 68 (7–8): 106–106. July 2020. doi:10.1002/nadc.20204100768. ISSN   1439-9598.
  2. "Globus und METRO Deutschland werden Partner der freien Handelskooperation RTG Retail Trade Group". presseportal.de (in German). Retrieved 28 April 2022.
  3. "Bundeskartellamt - Homepage - Kaufland darf 92 Real-Standorte unter Bedingungen übernehmen – Globus darf 24 Real-Standorte übernehmen". www.bundeskartellamt.de. Retrieved 28 April 2022.
  4. "Globus eröffnet erste Filialen in ehemaligen Real-Märkten: Das ändert sich jetzt für Kunden". rtl.de (in German). Retrieved 28 April 2022.
  5. "Obi, Globus und Metro machen in Russland ein Milliardengeschäft — das passiert jetzt mit den Filialen". Businessinsider.de (in German). 2 March 2022. Retrieved 19 March 2022.
  6. Handelsblatt.de (9 March 2022). "Globus-Chef will die Märkte in Russland gegen alle Widerstände offen halten" (in German). Retrieved 19 March 2022.
  7. Some companies finding it too tough to leave Russia