Hornbach (retailer)

Hornbach Holding AG/
Hornbach Baumarkt AG
Industry Retail (Home Improvement)
Founded 1977
Headquarters Neustadt an der Weinstraße/
Bornheim, Germany
Key people
 Albrecht Hornbach
Steffen Hornbach
Products Home improvement products such as home appliances, tools, household hardware, and garden supplies & plants.
Number of employees
 19,500 (2018)
Website www.hornbach.com
Hornbach activities
A Hornbach store

Hornbach is a German DIY-store chain offering home improvement and do-it-yourself goods. Until March 2014, it was 21% owned by Kingfisher plc, a UK company, who also own the B&Q and Castorama DIY chains. Kingfisher sold off the interests as it was planning expansion in new markets that would be in direct competition with Hornbach. Kingfisher has since launched its Screwfix stores in Germany and Brico Dépôt stores in Romania, where Hornbach operates.

In the full fiscal-year 2007/2008 the net profit slumped 24% to 48 Mio. € after the company spent more on advertising and new stores.[1]

History

In the 1960s, the Wilhelm Hornbach OHG was in a bad state, so his grandson Otmar Hornbach launched the idea of a do-it-yourself home improvement store after a visit to the United States. The business was filed on the stock exchange in 1987 and has expanded to a chain of 144 stores.

Otmar Hornbach died on 2 August 2014.[2]

Hornbach in Europe

Country First store Number of stores
Germany196899
Austria199613
Netherlands199713
Luxembourg19981
Switzerland20026
Czech Republic199810
Sweden20035
Slovakia20043
Romania20076

References

  1. ↑ Hornbach Holdings sees full-year operating earnings growing faster than sales AFX News
  2. ↑ Bouwmarktpionier Otmar Hornbach (84) overleden: hij leerde Duitsland doe-het-zelf - Z24 (in Dutch)

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