 |
Eugen ViehofFounder of the largest chain of department stores "Allkauf".
Country:
 Germany |
Content:
- Early Life and Career
- Allkauf: An Empire of Retail
- Diversified Holdings
- Sports Sponsorship and Regional Aviation
- Sale of Allkauf and Retirement
- Family Legacy
- Personal Life and Philanthropy
- Financial Success and Recognition
Early Life and Career
Eugen Viehof was born in 1917 and established himself as a renowned businessman, amassing a fortune through retail trade. Throughout his life, he has exemplified exceptional business acumen.
Allkauf: An Empire of Retail
Viehof founded the formidable Allkauf department store chain, which became one of Germany's retail giants. Headquartered in Mönchengladbach, Allkauf's reach extended across the nation, offering a vast selection of high-quality and affordable goods.
Diversified Holdings
Allkauf's operations extended beyond departmental stores. The company owned 160 Allkauf Touristik Vertriebs GmbH travel agencies, 21 alltronic technology centers, and 90 Allkauf Franchise GmbH photography studios. Additionally, Allkauf owned 56 distribution centers and 16 experimental businesses, which were sold in 1998 to Ausbauhaus GmbH.
Sports Sponsorship and Regional Aviation
The Viehof brothers were passionate about winter sports and established a regional commuter airline. Their support for the local sports community extended to sponsoring various winter sports competitions.
Sale of Allkauf and Retirement
In 1998, Viehof sold Allkauf to Metro AG for a substantial sum of one billion dollars. The Allkauf brand subsequently diminished from the German retail landscape, with its stores being rebranded.
Family Legacy
Viehof's four sons, Eugen, Michael, Klaus, and Brend, have continued their father's entrepreneurial spirit. They have established several small businesses, maintaining the family's legacy in the business world.
Personal Life and Philanthropy
Viehof, now retired, resides in a magnificent mansion in Germany. Known for his generosity, he has supported numerous philanthropic initiatives and lived a life dedicated to hard work and excellence.
Financial Success and Recognition
Viehof's business acumen has earned him accolades as one of Germany's most successful entrepreneurs. As of today, his net worth stands at a remarkable 2.4 billion dollars, placing him among the world's wealthiest individuals. His legacy as a pioneering businessman continues to inspire future generations.
