Early Life
Georg Haub was born into the Haub family, the owners of the Tengelmann Group, in 1961. His family has a long history in the retail sector, with the company tracing its roots back to 1867 when it was founded by Wilhelm Schmitz-Scholl. Haub grew up with a strong understanding of the family business and its operations.
Rise to Success
Haub's career has been intertwined with the Tengelmann Group. He, along with his brother Christian, has been instrumental in the strategic direction and growth of the company. The Haub brothers took over as co-CEOs in 2000. Following the disappearance of his older brother Karl-Erivan in 2018, Christian took over as CEO, and Georg remained a key shareholder. The group has expanded into various retail sectors, including home improvement (OBI), discount clothing (KiK), and online retail (babymarkt.de), and ventured into real estate and venture capital.
Key Business Strategies
Key strategies include diversification within the retail sector, strategic investments in startups, and a focus on sustainable growth. Tengelmann has shown a commitment to long-term ownership and operational control rather than short-term speculation. The group's approach involves a blend of organic growth and strategic acquisitions to maintain its market position.
Philanthropy
While specific philanthropic initiatives directly under Georg Haub's name are not readily available, the Tengelmann Group, as a whole, has a history of supporting various causes, including environmental protection and community development. The family has also been involved in supporting the arts and educational institutions.
