Top Qs
Timeline
Chat
Perspective

OBI (retail chain)

German multinational home improvement store chain owned by Tengelmann Group From Wikipedia, the free encyclopedia

Remove ads

OBI GmbH & Co. Deutschland KG is a German multinational home improvement supplies retailing company. It is headquartered in Wermelskirchen and operates 668 stores in Europe, of which 351 are in Germany.[1]

Quick facts Trade name, Company type ...
Remove ads

History

Summarize
Perspective

Obi was founded in 1970 by Emil Lux, Manfred Maus and Klaus Birker with the opening of the first Obi store in the Alstertal shopping center in Hamburg-Poppenbüttel.

In 1985 the Tengelmann Group acquired a majority stake in Obi. The share was increased in 2007 by buying the shares of the Lux founding family.

Obi has been present in Switzerland since 1999, in partnership with the Migros cooperative.[2]

It formerly had operated 13 stores in mainland China but these were sold to B&Q in 2005.[3]

The company expanded in Romania in 2008, where it opened 7 stores until 2010. Due to the economic crisis and the small market share, the company decided in 2014 to close the stores, 5 of which were sold to Jumbo. Also in 2008 the company opened the first 2 stores in Ukraine, followed in 2009 by a third store. They closed in 2013.

In 2015, Obi took over 68 stores from bankrupt Baumax, 48 of which are located in Austria, 14 stores in Slovakia, two stores in Slovenia, and four locations in Czechia.[4]

In March 2022, Obi closed all operations in Russia due to the Russian invasion of Ukraine.[5][6]

On April 27, 2022, the chain's stores began to resume work in Russia. The retailer sold its business to a Russian investor. The businessman Josef Liokumovich became the new owner. According to him, he acquired the Russian business of OBI for a symbolic price of 600 rubles (10 USD).[7]

On December 9, 2022, one of OBI's Russian stores burnt down due to a chemical explosion, resulting in at least one fatality.[8]

Remove ads

Operations

Country First store Number of stores
Germany1970351
Italy199355
Austria199582
Poland199861[9]
Czech Republic199533
Hungary199429
Russia200327[10]
Slovakia200814
Slovenia19989
Switzerland (owned by Migros[2])1999[2]10[2]
Bosnia and Herzegovina (owned by Solomaher)20031


References

Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.

Remove ads