Tengelmann: Haub brothers end legal dispute

Christian Haub

The managing partner and majority owner of the Tengelmann family group has reached an agreement with his brother to end the legal dispute.

(Photo: Tengelmann)

Dusseldorf The fraternal dispute between Christian and Georg Haub about the Tengelmann family business, which flared up again in February, has been settled. The Munich Regional Court confirmed this on Thursday evening on request: “The parties have unanimously declared the legal dispute settled.” The “Lebensmittelzeitung” had first reported on it.

Christian Haub is the majority owner of Tengelmann. He holds 69 percent of the family business, which is one of the largest in Germany. The group includes the textile discounter Kik, the hardware store chain Obi, the real estate company Trei and shares in the Dax group Zalando. There are also investments in start-ups. Tengelmann sales were recently 8.3 billion euros. Georg Haub holds the remaining 31 percent of the group.

After the disappearance of his eldest brother Karl-Erivan in April 2018, 57-year-old Christian Haub took over management of Tengelmann in the Swiss Alps. After years of dispute, he also bought the shares of Karl-Erivan Haub’s wife and children last year. As the majority owner, Christian had released reserves to pay the purchase price to the heirs.

After the brothers closed ranks in September 2021, there was another quarrel in the family at the beginning of this year. The 60-year-old Georg Haub had demanded repayment of 800 million euros to Tengelmann Warenhandelsgesellschaft. He had filed an action for annulment against the shareholders’ resolution to release the reserves, as the Handelsblatt reported in February.

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The Tengelmann company and Christian Haub’s lawyer, the family business expert Mark Binz from the Stuttgart law firm of the same name, did not want to comment, nor did the lawyer Georg Haubs, Matthias Schüppen from the law firm Graf Kanitz Schüppen & Partner.

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