He was born in Laupheim. As a youth, Hugo Mann worked at his grandfather's shop in Karlsruhe where he started his own furniture business in 1938.
Careeredit
In 1950, Mann opened a larger store that turned out to be the key to his success. During the sixties, chain stores sprouted up across Germany. The brand Mann Mobilia for discount quality furniture was established in 1970.[1][2]
Mann had started another business in 1958, the Wertkauf food store chains. Mann bought two-thirds of FedMart, a highly successful chain of department stores in the United States, in 1975. He subsequently fired founder Sol Price from FedMart and the store chain failed within seven years.[3] In 1989, Hugo Mann retired and handed the Wertkauf business over to his son Johannes. Wertkauf was sold to Walmart in 1997. The Austrian Lutz group bought Mann Mobilia in 2005.
Referencesedit
^Bishop, Amanda (Jan 17, 1999). "Germans pour cash into D-FW realty".
^GmbH, SDZ Druck und Medien (2008-12-24). "Der Gründer von Wertkauf ist tot". Wirtschaft Regional (in German). Retrieved 2021-02-25.
^Markowitz, Arthur, "Discounting Hall of Fame: Sol Price: his deeds speak louder than words - founder of Price Club," Discount Store News, August 22, 1988, online at CBS bnet.
January 01, 1970
hugo, mann, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, june, 2009, lea. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Hugo Mann news newspapers books scholar JSTOR June 2009 Learn how and when to remove this message Hugo Mann 17 November 1913 20 December 2008 was a German businessman Hugo MannBorn 1913 11 17 17 November 1913Laupheim GermanyDied20 December 2008 2008 12 20 aged 95 Baden Baden GermanyCitizenshipGermanyOccupationRetailingEarly life editHe was born in Laupheim As a youth Hugo Mann worked at his grandfather s shop in Karlsruhe where he started his own furniture business in 1938 Career editIn 1950 Mann opened a larger store that turned out to be the key to his success During the sixties chain stores sprouted up across Germany The brand Mann Mobilia for discount quality furniture was established in 1970 1 2 Mann had started another business in 1958 the Wertkauf food store chains Mann bought two thirds of FedMart a highly successful chain of department stores in the United States in 1975 He subsequently fired founder Sol Price from FedMart and the store chain failed within seven years 3 In 1989 Hugo Mann retired and handed the Wertkauf business over to his son Johannes Wertkauf was sold to Walmart in 1997 The Austrian Lutz group bought Mann Mobilia in 2005 References edit Bishop Amanda Jan 17 1999 Germans pour cash into D FW realty GmbH SDZ Druck und Medien 2008 12 24 Der Grunder von Wertkauf ist tot Wirtschaft Regional in German Retrieved 2021 02 25 Markowitz Arthur Discounting Hall of Fame Sol Price his deeds speak louder than words founder of Price Club Discount Store News August 22 1988 online at CBS bnet Retrieved from https en wikipedia org w index php title Hugo Mann amp oldid 1177354113, wikipedia, wiki, book, books, library,
