Rainer Schaller
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Rainer Schaller
Rainer Schaller (4 January 1969 – 21 October 2022) was a German entrepreneur. He was the Founder CEO of the RSG Group, which includes the McFit, John Reed and Gold's Gym fitness studios. He hit headlines as a result of the disaster at the 2010 Love Parade in Duisburg, which he organized. On 21 October 2022, Schaller and his son Aaron died in a private plane crash in Costa Rica. Early life Schaller grew up in Schlüsselfeld, West Germany near Bamberg. His mother and grandfather worked in retail there. The conductor and Anton Bruckner expert, Gerd Schaller, is his brother. Business career Retail Schaller completed his training as a retail salesman in Schlüsselfeld. He supplemented this with further training to become a business and retail specialist. At the age of 22, he took over his first Edeka supermarket, and shortly afterwards three more in his home region.Lisa Nienhaus: ''Der Muskelmacher'' he muscle maker (In German) Frankfurter Allgemeine Zeitung, 6 January 20 ...
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Bamberg, Bavaria
Bamberg (, , ; East Franconian German, East Franconian: ''Bambärch'') is a town in Upper Franconia, Germany, on the river Regnitz close to its confluence with the river Main (river), Main. The town dates back to the 9th century, when its name was derived from the nearby ' castle. Cited as one of Germany's most beautiful towns, with medieval streets and Europe's largest intact old city wall, the old town of Bamberg has been a UNESCO World Heritage Site since 1993. From the 10th century onwards, Bamberg became a key link with the Slav peoples, notably those of Poland and Pomerania. It experienced a period of great prosperity from the 12th century onwards, during which time it was briefly the centre of the Holy Roman Empire. Holy Roman Emperor, Emperor Henry II, Holy Roman Emperor, Henry II was also buried in the old town, alongside his wife Cunigunde of Luxemburg, Kunigunde. The town's architecture from this period strongly influenced that in Northern Germany and Hungary. From the ...
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Edeka
The Edeka Group is the largest German supermarket corporation , holding a market share of 20.3%. Founded in 1907, it consists today of several co-operatives of independent supermarkets all operating under the umbrella organisation ''Edeka Zentrale AG & Co KG'', with headquarters in Hamburg. There are approximately 4,100 stores with the Edeka nameplate that range from small corner stores to hypermarkets. On 16 November 2007, Edeka reached an agreement with Tengelmann to purchase a 70% majority stake in Tengelmann's ''Plus'' discounter store division, which was then merged into Edeka's ''Netto'' brand, with some 4,200 stores by 2018. Under all brands the company operated a total of 13,646 stores at the end of 2017. History The cooperative was founded in 1907 as the E.d.K. (''Einkaufsgenossenschaft der Kolonialwarenhändler im Halleschen Torbezirk zu Berlin'', "Purchasing Cooperative of Colonial Goods Retailers in the Hallesches Tor district of Berlin"). In 1911, it was rename ...
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Die Tageszeitung
''Die Tageszeitung'' (, “The Daily Newspaper”), is counted as being one of modern Germany's most important newspapers and amongst the top seven. taz is stylized as ''die tageszeitung'' and commonly referred to as ''taz'', is a cooperative-owned German daily newspaper administrated by its employees and a co-operative of shareholders who invest in a free independent press, rather than to depend on advertising and, these days, pay-walls. Founded in 1978 in Berlin as part of an independent, progressive and politically left-leaning movement, it has focused on current politics, social issues such as inequality, ecological crises both local and international, and other topics not covered by the more traditional and conservative newspapers. It mostly supports the alternative green political sphere and the German Green Party, but ''Die Tageszeitung'' has also been critical of the SPD/Greens coalition government (1998–2005). It is being described as alternative-left and critical ...
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Brand Management
In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is perceived as planned and secures its objectives. Developing a good relationship with target markets is essential for brand management. Tangible elements of brand management include the product itself; its look, price, and packaging, etc. The intangible elements are the experiences that the target markets share with the brand, and also the relationships they have with the brand. A brand manager would oversee all aspects of the consumer's brand association as well as relationships with members of the supply chain. Definitions In 2001, Hislop defined branding as "the process of creating a relationship or a connection between a company's product and emotional perception of the customer for the purpose of generating segregation among competiti ...
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COVID-19 Pandemic In The United States
The COVID-19 pandemic in the United States is a part of the COVID-19 pandemic, worldwide pandemic of COVID-19, coronavirus disease 2019 (COVID-19) caused by SARS-CoV-2, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). In the United States, it has resulted in confirmed cases with all-time deaths, the most of any country, and COVID-19 pandemic death rates by country, the twentieth-highest per capita worldwide. The COVID-19 pandemic ranks first on the list of disasters in the United States by death toll; it was the third-leading cause of death in the U.S. in 2020, behind heart disease and cancer. From 2019 to 2020, U.S. life expectancy dropped by 3years for Hispanic and Latino Americans, 2.9years for African Americans, and 1.2years for white Americans. These effects persisted as U.S. deaths due to COVID-19 in 2021 exceeded those in 2020, and life expectancy continued to fall from 2020 to 2021. On December 31, 2019, China announced the discovery of a cluster of pne ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Diversification (finance)
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk. A common path towards diversification is to reduce risk or volatility by investing in a variety of assets. If asset prices do not change in perfect synchrony, a diversified portfolio will have less variance than the weighted average variance of its constituent assets, and often less volatility than the least volatile of its constituents. Diversification is one of two general techniques for reducing investment risk. The other is hedging. Examples The simplest example of diversification is provided by the proverb "Don't put all your eggs in one basket". Dropping the basket will break all the eggs. Placing each egg in a different basket is more diversified. There is more risk of losing one egg, but less risk of losing all of them. On the other hand, having a lot of baskets may increase costs. In finance, an example of an undiversified portfoli ...
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Salzburger Nachrichten
The ''Salzburger Nachrichten'' is a German language daily newspaper published in Salzburg, Austria. It has been in circulation since 1945. History and profile ''Salzburger Nachrichten'' was established in 1945 by the American forces occupying Austria following World War II. The first issue appeared on 25 October that year. It remained under the control of the US Information Services Branch for a long time. When the paper became under the Austrian supervision, its early contributors were Viktor Reimann, Ilse Leitenberger and Alfons Dalma who were affiliated with the anti-Fascist groups during World War II. In the post-war period ''Salzburger Nachrichten'' focused on provincial events and news and did not exclusively cover significant events of the period such as the trials of the Nazi figures in Nuremberg. ''Salzburger Nachrichten'' is owned by a family company, Salzburger Nachrichten Verlag. Its publisher is Maximilian Dasch Jr, and its headquarters is in Salzburg which was des ...
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Handelsblatt
The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in th ... by Handelsblatt Media Group, formerly known as Verlagsgruppe Handelsblatt. History and profile ''Handelsblatt'' was established in 1946 by journalist Herbert Gross (journalist), Herbert Gross, but after some months Friedrich Vogel (journalist), Friedrich Vogel (1902–1976) became publisher. In 1969, Georg von Holtzbrinck became partner of Friedrich Vogel. Since 2021, its editor-in-chief is Sebastian Matthes. Its publisher, Handelsblatt Media Group, also publishes the weekly business magazine ''Wirtschaftswoche'' of which the editor-in-chief is Beat Balzli. ''Handelsblatts headquarters are in Düsseldorf. ...
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