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Those SAVE commercial company ltd. (until December 2005 SAVE trade AG) was the core of an important entrepreneurial group of the food retail trade in Germany. It lost 1997 their and is after reorganization since September 2005 a subsidiary of the EDEKA center AG.

History

Structure

The German savings organization was created after Netherlands model 1952. She is a freiwilliger union of large and retailers. The founders of the chain were were Werner Hagen, Rolf Knigge and Franz Weissbecker. They were afraid that the independent large and retail trade against the financially strong branch enterprises or the genossenschaftlich organized chains (EDEKA as dealer cooperatives, consumption as consumer's cooperative societies) placed on itself alone would not have future. The initiative for this group was with independent wholesale dealers, whose customer then under the name SAVE the largest freiwillige chain in Germany formed.

Joined the group:

1952 Braunschweig; Karl cook, Duesseldorf; Hammer blow, Limburg; Schimmelpfeng, bath Hersfeld; Ellhofen

1953 Pfeiffer & Sukop, Hamburg; H. Mezger, Ulm. In this year the first own trade marks are introduced.

1954 G. Scharpe, Obernkirchen

1955 Hansen & Flensburg; Gustav Georgi, Gochsheim; Carl of Louis pink one, pig ford; J. Weiden; Schaal Kurtz, Reutlingen

1958 Bernhard Schmidt, Hamburg; J., Kaufbeuren rehearses

From these independent wholesale businesses then the regional savings centers developed by fusions and further assumptions. 1952 developed regional trade associations, which for 1955 for German trade association SAVE registered association united. This combination is the instrument of the will formation of the large and retailers involved.

Growth

The phase of growing to larger units began about 1966.

1960 start a Versandhandel.

SAVE Bremen and SAVE Oldenburg for 1966 through Berhard Schmidt, Hamburg are taken over.

1967 SAVE Lueneburg and Bernhard Schmidt merged.

1968 are created the first Germany center, the German SAVE trade GmbH & CO. This company was responsible for the central Warenbeschaffung and the completion of the exchange between the wholesale businesses and the suppliers. In this year also the chapter of the consumer markets under the company name P & Q begins.

1969 SAVE southwest, based. 1974 close Georgii pink one SAVE southwest on.

1975 fuses SAVES centers Hamburg south and Hamburg the north to the Pfeiffer & Schmidt oHG with seat in Schenefeld and forms SAVES center Hamburg.

1980 develop SAVE trade union Husum Flensburg from the companies Hansen & and Momme the

1981 go to Schaal Kurtz, 1982 Schimmelpfeng into SAVE southwest up. Those SAVE trade union Husum Flensburg for 1982 by Pfeiffer & Schmidt one takes over.

The year 1982 led also to a trip into the Non Food trade with the establishment of the branch enterprise KODI. Was tried to transfer the business model of the Lebensmitteldiscounter into the Non Food business.

Concentration and expansion

Those SAVE trade AG for 1985 one bases. This enterprise takes part in the following years in the regional wholesale centers. Since 1988 were noted the share at the stock exchange.

1989 SAVE trade AG at the stock exchange introduced.

Thus the expansion on the retail trade level is forced and the concentration within the wholesale range is continued.

1989 take over SAVE trade AG the supermarket chain heaven in Cologne-Porz. Those SAVE southwest comes up in this year in the AG.

1990/91 are the time of the expansion into the new countries. 2000 business of the HO is taken over and SAVES northeast based. Those SAVE northeast already for 1992 into the AG one integrates.

With 50% is SAVES trade AG since 1992 in the net supermarket GmbH in Stavenhagen involved. Partner is Dansk Supermarked. In addition 1992 the Kafu Wasmund markets to Braunschweig and the branches consumption to Berlin are transferred.

1993 is transferred 103 Asko of markets in the area Braunschweig, Hanover, Bremen. The companies of the intersavings' group in SAVE trade AG integrated.

1994 are taken over the Potsdamer kg fresh market trade with 60 markets.

1995 begin it in SAVE group too kriseln. The big consumer supplier Franke & tank belonging to the group is sold at REWE. The logistics center east in center forest goes into enterprise.

Starting from 1996 the welfare is looked for in far forced growth by wetere assumptions. In this year 11 euro savings markets of sound integrated son & in Pimasens, 66 markets of Bolle in Berlin and 36 wide Continent SELF-SERVICE department stores. The wholesale of the company Kathreiner is taken over. The retailer Contzen transfers the supply from 600 markets under the names VeGe and Vivo SAVES trade AG.

1997 is taken over 8 self-service department stores and a cash & a Carry market by Holzer park purchase.

Crisis and reorganization

Rapid growth by Aquisitionen and the group-internal fusions followed 1997 for SAVE trade AG the loss of the the French commercial's group of ITM Enterprises S.A.

becomes over their Swiss daughter Intercontessa AG majority shareholder with SAVES trade AG. From this now the No. 1 in the European food trade develops.

SAVE must further grow. 1998 is transferred the Karlsruher Pfannkuch group with 212 markets, PRO Hamburg (a former consumer cooperative) with 152 markets as well as 32 markets in the area Kassel.

The assumption by ITM leads to a strategic reorientation of the savings' group. It concentrates on smaller and medium sized sales areas. 74 large INTER+SAVE self-service department stores are delivered. And a central purchase with the partner ITM, those is formed Swiss AGENOR AG.

1999 the remaining intereconomical buildings umgeflaggt on EUROSAVE. Starting from 2000 becomes then EUROSAVE Intermarche.

Starting from 2001 is SAVES trade AG then a case of reorganization. The new line is called concentration on core authority: Wholesale for the savings retailers, consumer markets, Lebensmitteldiscount (net mark Discount and NET). An on-line trade is stopped. The Non Food Discounter KODI is sold.

2002 is delivered the C+C markets.

2003 is closed 74 consumer markets and transferred 117 to new owners. 4 is closed by 15 stock level places.

2004 is separated further consumer markets. ITM increases its participation to SAVES trade AG. SAVE delivers its portions of net mark Discount and NET at ITM.

Beginning of the Ausklangs

2005 are ITM sole owner. The center changes the legal form and is now SAVES commercial company ltd. By 12 September 2005 ITM sells these and the net mark Discount as well as 25% on net to the EDEKA center AG. That means for the savings organization in Germany deep cuts. The supply of the savings retailers independent over 2000 is transferred to the 7 EDEKA Regionalgesellschaften. Those SAVE trade AG, which at the end of of 2005 of still 2800 coworkers busy, will strongly shrink and in the EDEKA will come up. are folded up. The locking of all logistics locations except Schenefeld is announced.

Meaning of the group

The following data apply to the year 2004.

At the end of of 2004 gave it still 2,173 independent retailers, whom under the selling line SAVE, SUPER+SAVE or SAVE express at the market arise. To the company still 35 consumer markets under the selling lines belonged EUROSAVE and INTERMARCHE. The 1,073 net branches of both net chains were sold to 2004 to the parent company ITM and remained thus in the firm group.

The company proves a conversion of 6,3 billion for 2004 ". Of it 2.5 billion is allotted " to the wholesale, 0.4 billion " to the consumer markets and 3.4 billion " to the net's group consolidated for the last time.

In the operational business a loss was brought in again. The year's result is clearly positive by the sales of the net's group.

The number of the coworkers shrank around 3.614 to 17.161.