Michael Herz | |
---|---|
Born | September 28, 1943 |
Nationality | German |
Occupation | Businessman |
Known for | Co-owner, Tchibo |
Title | Member of management board, Maxingvest |
Spouse | Married |
Parent(s) | Max Herz and Ingeburg Herz |
Relatives | Wolfgang Herz (brother) Günter Herz (brother) Daniela Herz-Schnoekel (sister) |
Michael Herz (born September 28, 1943) [1] is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.
In 1965, after the death of his father Max Herz, who co-founded Tchibo in 1949 with Carl Tchilinghiryan, Herz joined Tchibo as head of sales. [2]
Tchibo is 100% owned by family members. In 2003, along with his mother and brother Wolfgang, he bought out his other brother, Günter Herz, and sister, Daniela Herz-Schnoekel.
In 2007, the Tchibo holding company, changed its name from Tchibo Holding AG to Maxingvest AG. [3]
According to Forbes’ list of global billionaires, Herz is listed at number 360 with a net worth of $4.3 billion as of July 8, 2015. He was the 21st richest man in Germany and in 2003 made the top 10. [4] [2]
Michael Herz bought and reorganized the book wholesaler Libri and the florist Blume 2000, and he also prevented the break-up of Beiersdorf AG through his efforts. His investment in Escada turned out to be a failure and ended in bankruptcy. [5] [6]
He is married and lives in Hamburg. [1]
In 2008, his brother Joachim died in a motorboat accident. [1]
Beiersdorf AG is a German multinational company that manufactures personal-care products and pressure-sensitive adhesives headquartered in Hamburg, Germany. Its brands include Elastoplast, Eucerin, Labello, La Prairie, Nivea, Tesa SE and Coppertone.
Helmut Horten was a German entrepreneur who built up and owned the fourth-largest chain of department stores in Germany, Horten AG. The business practices of Mr. Horten flourished during the Nazi era, when he purchased Jewish businesses sold under duress. His practices are well documented.
Tchibo is a German chain of coffee retailers and cafés known for its range of non-coffee products that change weekly. The latter includes: clothing, furniture, household items, electronics and electrical appliances. In Germany, Tchibo's slogan is "Every week a new world". Tchibo has further expanded its product range to sell services such as travel, insurance, and mobile-phone contracts.
Kuehne + Nagel International AG is a global transport and logistics company based in Schindellegi, Switzerland. Its main owner and operator is Klaus-Michael Kühne via his Kühne Holding and Kühne Foundation. The company was founded in 1890 in Bremen, Germany. During WWII the company played a key role in looting the possessions of European Jews as part of M-Aktion. It provides sea freight and airfreight forwarding, contract logistics, and overland businesses. As of 2023, it has nearly 1,300 offices in over 100 countries and nearly 79,000 employees.
PFAFF is a German manufacturer of sewing machines and is now owned by the SGSB Co. Ltd.
Klaus-Michael Kühne is a German billionaire businessman. In October 2021, the Bloomberg Billionaires Index estimated Kühne's net worth to be US$36.2 billion, making him the richest person in Germany. He is the honorary chairman and majority owner (53.3%) of the international transport company Kühne + Nagel, co-founded by his grandfather, August Kühne (1855–1932).
VapianoSE is a European restaurant franchise company headquartered in Cologne. The chain's restaurants offer Italian food adhering to the fast-casual principle. Vapiano was established in 2002 in Hamburg. Its largest shareholder since 2011 is the private equity firm, Mayfair Vermögensverwaltung. Roughly one-third of the restaurants are operated by the company itself, but the majority are run as franchise or as joint ventures. In April 2017, Vapiano had 180 locations in 31 countries, including Australia, China, Egypt and the United States. On 20 March 2020, Vapiano announced its cash-flow insolvency due to a sharp drop in sales after most restaurants had to close due to the COVID-19 pandemic.
Friede Springer is a German publisher and widow of Axel Springer. She is the main owner of the Axel Springer SE media conglomerate - and thus of Europe's largest newspaper Bild - being one of the richest people of Germany.
Thomas Stuart Ricketts is the chairman of the Chicago Cubs, and the Chairman, co-founder and former CEO of Incapital LLC, a firm that provides securities firms and individual investors more efficient access to corporate bonds. Together with his sister Laura and brothers Pete and Todd, the Ricketts siblings are the board of directors for the Cubs. He is the son of TD Ameritrade Holding Corporation founder J. Joseph Ricketts. Joe Ricketts has a net worth of US$2.3 billion as of 2018 according to Forbes.
Mayfair Vermögensverwaltung SE is the family office of the families of Günter Herz and Daniela Herz. It invests in long term holdings of companies, short term assets like stocks and bonds, and real estate.
Dr. Bruno Sälzer was the CEO of Escada, the international luxury fashion group. He was born into a solid farming family. He has always been interested in fashion more than fertiliser, and has been quoted in saying, "I can't explain this. There was no one in my family like this. I have checked back several generations." He is the father of four sons.
Café+co International Holding (café+co) is an international operating corporate group with its headquarters in Vienna. The company markets its beverage dispensers for hot and cold drinks and its self-service vending machines for snacks and sweets in Austria as well as in middle and east Europe.
Reinhard Pöllath is a German businessman and lawyer. He serves as Chairman of the Board of Directors of Beiersdorf.
Carl Tchilinghiryan was a German businessman of Armenian origin, who co-founded the coffee house Tchibo.
Wolfgang Herz is a German billionaire businessman, co-owner of the German coffee shop and retail chain Tchibo.
Günter Herz is a German businessman, former CEO of the German coffee shop and retail chain Tchibo.
Daniela Herz-Schnoekel is a German businesswoman, former part-owner of the German coffee shop and retail chain Tchibo.
Michael Schmidt-Ruthenbeck is a German billionaire businessman, together with his brother Rainer, owner of 16% of the retail group Metro AG.
Max Herz (1905–1965) was a German businessman, co-founder of the German coffee shop and retail chain Tchibo.
Ingeburg Herz, née König was a German entrepreneur and philanthropist. The wife of Tchibo founder Max Herz was one of the richest Germans with an estimated fortune of over five billion euros in 2005.