The Limited Times

Now you can see non-English news...

King Knapp from New Yorker: The eccentric regiment of Germany's most profitable fashion company

2021-08-30T08:37:28.431Z


Quirky, scandalous and damn successful: almost unnoticed, Friedrich Knapp created Germany's most profitable retail group with New Yorker. Now he is risking his life's work.


Enlarge image

Larger than life: Friedrich Knapp

has created a highly profitable global corporation using unusual methods.

Small problem: Without the shy entrepreneur, he is hardly able to survive.

Illustration: Tim McDonagh for manager magazin. Photo template: Chris Rügge / Textilwirtschaft / picture-alliance

For some it is the city's White House, one of the most important sights in Braunschweig, for others it is simply a place of horror, the "Adolf Hitler House". Shortly after the city gave Hitler the German passport, the NSDAP moved into the massive, two-story sandstone block building. Today the former Villa Rimpau belongs to a man shrouded in mystery who describes himself as a "simple person" and "not the smartest" and yet has created the most profitable trading group in the republic far from public perception: Friedrich Georg Knapp (70).

1150 branches, 46 countries, 19,000 employees.

With cheap clothes for young people, New Yorker makes around two billion euros and achieves pre-tax returns of over 16 percent, as much as the role model for the entire industry, the Zara parent company Inditex.

New Yorker is essentially a one-man show, the creature of one of the country's most bizarre patriarchs, as ingenious as it is feared.

Nobody can replace someone like him - and that is exactly the problem.

Shortly after 8 a.m., a black Rolls-Royce leaves Braunschweig's most famous villa and after around ten kilometers comes to a stop directly in front of the entrance to the New York headquarters. Since the bodyguard fell ill, Knapp has been moving his collection of noble bodies himself. Once out of the car and straightened up, "Fritz", as friends call him, is an imposing figure: two meters tall and weighs over 120 kilograms.

In short sweatpants, a T-shirt and espadrilles, he shuffles a few meters across the corridor and sits down in the canteen.

Sometimes he sits there all morning.

Always there: his assistant Jonas Gnauck, the only one who is allowed to park his car, an Audi, directly behind him.

And one of the very few to whom Knapp treats the color black.

The rest of the management has to be content with silver-colored cars.

The boss himself determines the color theory. Who is important and who is not can be seen in the parking lot.

Read more with manager magazin +

Understand more, achieve more

Exclusive insider stories, trends and backgrounds.

Your advantages with manager magazin +

  • All m + articles on manager-magazin.de

    exclusive research by the editorial team and the best of "The Economist"

  • Read the manager magazine

    as an app and e-paper - on all your devices

  • Try one month for free

    can be canceled online at any time

One month for € 0.00

Try it now for € 0.00

Already have a digital subscription? Register here

Read more mitmanager +

Always a glimpse ahead

Your advantages with manager +

  • manager magazin +

    in the app

  • Harvard Business manager +

    in the app

  • Read manager magazin and Harvard Business manager

    as an e-paper in the app

  • All articles in the manager app

    for only € 24.99 per month

Buy now

Already have a digital subscription? Register here

Restore iTunes subscription

manager + is processed via your iTunes account and paid for with a purchase confirmation. 24 hours before it expires, the subscription is automatically renewed by one month at the current price of € 24.99. You can cancel the subscription at any time in the settings of your iTunes account. To use manager + outside of this app, you must link the subscription to a manager ID account immediately after purchase. With the purchase you accept our general terms and conditions and privacy policy.

Source: spiegel

All news articles on 2021-08-30

You may like

News/Politics 2024-02-23T18:34:25.383Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.