Finance Director of LUDWIG BECK AG
“The LUDWIG BECK share is an investment featuring an innovative growth strategy, a solid financial structure and ownership of the excellently located flagship store at Munich’s Marienplatz.”
More than 150 years ago, in May 1861, Ludwig Beck opened his button making and dress hemming workshop with 4 assistants and an apprentice. Simultaneously he opened a shop with two sales assistants and a trainee. Today the name LUDWIG BECK embodies Munich’s leading department store and one of the most successful commercial enterprises in Germany: LUDWIG BECK has grown into a quality brand in the German consumer goods landscape and has become an established Munich institution.
LUDWIG BECK AG is one of the leading companies in the German textile retail industry, achieving gross sales in the amount of € 101.1m in the year 2015 (as of December 31, 2016) with 467 employees and a total area of approx. 12,400 sm.
LUDWIG BECK is located at the heart of Munich, directly at the Marienplatz. Over seven floors, the Munich-based fashion company offers international fashion, leather goods and accessories, as well as exclusive cosmetics. With more than 12,000 titles it also offers Europe’s largest stationary selection of classic, jazz and world music alongside audiobooks. Since the end of 2012 the unique brand portfolio of the company’s beauty department has also been available for online shopping at www.ludwigbeck.de. Here customers are awaited by a unique selection of almost 10,000 products from over 100 brands in luxury and niche cosmetics.
With the complete acquisition of the THEO WORMLAND GmbH & Co. KG in May 2015, LUDWIG BECK was able to position itself as one of the top providers in the field of men´s fashion in Germany as well.
WORMLAND, which is based in Hanover, achieved sales in the amount of € 76.0m (as of December 31, 2016) with 425 employees over an area of around 16,200 sm. Here the corporation incorporates two different store concepts: WORMLAND and THEO. With 15 branches, WORMLAND is now amongst the leading German men’s fashion retailers.
The name LUDWIG BECK stands for quality, customer orientation and modernity. And – also in economically difficult times – it stands for success. This success can be translated into precise figures. Contrary to the branch development in general, we scored a turnover growth in the lapsed fiscal year and finished with a positive annual surplus. The success factor is the consequent implementation of our "trading up" strategy offering our customers exclusive lines and a variety of brands to be experienced in a unique shopping experience. Last years' success is a clear indication that with this strategy we are on the right track.