The Tengelmann Group will relocate its headquarters from Mülheim an der Ruhr to Munich.
This step and further steps had been decided by the shareholders, who had agreed on a long-term cooperation, as Tengelmann announced on Thursday.
The relocation of the group headquarters to Munich follows the realignment of the parent company as a strategic holding company that was initiated more than two years ago, which has been redesigned, streamlined and expanded to include project offices, for example.
Christian Haub (57), who a few weeks ago acquired the family shares of his fatally injured brother Karl-Erivan Haub, will continue to drive forward the future plans for the further development of the group as managing partner in the next few years. Georg Haub (59), on the other hand, will relocate his main focus of activity to the USA, where he will take care of real estate development for the company, among other things. Christian and Georg Haub also worked on coordinated plans for a generation change at Tengelmann.
Christian Haub holds around two thirds, Georg Haub around one third of the shares in one of the largest German family-owned companies.
The traditional retail group includes the DIY chain OBI and the textile discounter KiK.
Tengelmann also has extensive real estate activities and numerous venture investments.
According to the company, Christian Haub has been the sole managing partner of Tengelmann Holding since 2018.
Karl-Erivan Haub had not returned from a ski tour in Zermatt, Switzerland in April 2018.
The Cologne District Court had declared him dead in May 2021.