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The Schwarz Group () is a German multinational retailer that operates stores under the Lidl and Kaufland brands. With revenues of €167.2 billion in fiscal year 2023, Schwarz Group is the largest European retailer and the fourth-largest retailer in the world by revenue. The Schwarz Group's stores sell mostly private label brands, and the family-owned group also operates its own production facilities for baked goods, soft drinks and ice cream. History The business was founded in 1930 by Josef Schwarz (1903–1977), father of Dieter Schwarz. It is headquartered in Neckarsulm, Baden-Württemberg, Germany. The Schwarz Group is an international trading company with 575,000 employees and operates over 13,900 stores (in 2021) across 33 countries. It is made up of the two retail divisions, Lidl and Kaufland. In addition to the retail business, the Schwarz Group also owns brands in the beverage, baked goods, sweets and ice cream sectors. The Schwarz Group has been involved in the coll ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Baden-Württemberg
Baden-Württemberg ( ; ), commonly shortened to BW or BaWü, is a states of Germany, German state () in Southwest Germany, east of the Rhine, which forms the southern part of Germany's western border with France. With more than 11.07 million inhabitants across a total area of nearly , it is the third-largest German state by both List of German states by area, area (behind Bavaria and Lower Saxony) and List of German states by population, population (behind North Rhine-Westphalia and Bavaria). The List of cities in Baden-Württemberg by population, largest city in Baden-Württemberg is the state capital of Stuttgart, followed by Mannheim and Karlsruhe. Other major cities are Freiburg im Breisgau, Heidelberg, Heilbronn, Konstanz, Pforzheim, Reutlingen, Tübingen, and Ulm. Modern Baden-Württemberg includes the historical territories of Baden, Prussian Province of Hohenzollern, Hohenzollern, and Württemberg. Baden-Württemberg became a state of West Germany in April 1952 through ...
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Family-owned Companies Of Germany
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood, marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are closely identified with the firm through leadership or ownership. Owner-manager entrepreneurial firms are not considered to be family businesses because they lack the multi-generational dimension and family influence that create the unique dynamics and relationships of family businesses. Overview A family business is the oldest and most common model of economic organization. The vast majority of businesses throughout the world—from corner shops to multinational publicly listed organizations with hundreds of thousands of employees—can be considered as family businesses. Based on research of the ''Forbes 400'' richest Americans, 44% of the ''Forbes 400'' member fortunes were d ...
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Companies Based In Neckarsulm
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ...
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