News | Obi parent company

Back

Tengelmann closes previous holding company and sets up another

The Tengelmann headquarters in the German city of Mülheim an der Ruhr.

The Tengelmann headquarters in the German city of Mülheim an der Ruhr.

The Tengelmann Group, which includes the German DIY market leader Obi, is realigning its holding as previously announced and closing down the operational business of the previous holding company (Tengelmann Warenhandelsgesellschaft KG). The new holding company Tengelmann Twenty-One KG will replace it, with a changed strategic and international orientation, according to the company.

Since many of the operational responsibilities currently discharged by the holding company will be handled in future by the affiliated companies themselves, the new holding firm Tengelmann Twenty-One can be much leaner in terms of personnel, says a press release.

In addition to the previous finance, tax and legal departments, new ones such as business development, investment management and talent development will be created. The internationalisation strategy already pursued in the past will be followed more closely.

|12 July 2019


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Taiwan Hardware Show bigger than ever before

In Taichung, the Taiwan Hardware Show is currently taking place until tomorrow, Saturday 19 October 2019 - "the biggest we've ever held," View news...

The Italian hardware show keeps growing

The fifth edition of Hardware Forum Italy, the hardware exhibition and conference event, organised by Koelnmesse, which takes place in partnership View news...

IPM on the modernised exhibition grounds

In 2020, the IPM Essen will be held on the completely modernised exhibition grounds for the first time. Eight large exhibition halls on one level, View news...

Davidsen may now take over Optimera

The Danish building materials trading company Davidsens Tømmerhandel has now officially taken over the Optimera chain in Denmark. The competition View news...