- Capital: € 10.five million
- Age: 78
- Born: 04/04/1942
- Country of origin: Germany
- Source of wealth: Entrepreneurs
- Last updated: 2023
Short introduction
Wolfgang Grupp is an entrepreneur from Germany, proprietor and dealing with director withinside the 0.33 technology of the famous fabric enterprise Trigema.
Early life
Wolfgang Grupp become born in Burladingen right into a conservative Catholic own circle of relatives of entrepreneurs. He become a pupil on the Jesuit College St. Blasien and graduated from excessive college in 1961. He determined to observe commercial enterprise management on the University of Cologne. After finishing his college diploma in commercial enterprise management, he took over the control of his father`s enterprise, Trigema. Trigema become based through Grupps grandfather Josef Mayer and his brother Eugen below the call Trikotwarenfabrik Gebr. Mayer KG in 1919. Wolfgang Grupp`s father, Franz Grupp, become the dealing with accomplice of this enterprise.
Career
When Wolfgang Grupp took over Trigema from his father in 1969, the enterprise become closely in debt. He analyzed the enterprise`s shape and determined to go back to the enterprise`s roots. Grupp noticed the trouble withinside the excessive diversification of the product variety and decreased it. Through the restructuring of the enterprise, he become capable of boom income from 8.7 million to 28.1 million withinside the following six years, thereby paying off the enterprise`s debts. This become the start of the upswing of the enterprise. To date, the enterprise works with a hundred percent equity.
The Trigema idea is primarily based totally on innovation and merchandise with a nearby and honest manufacturing method. Production in line with style trends, however, is of secondary significance for the enterprise. Trigema is the best German enterprise that best produces in Germany and has now no longer outsourced any a part of the manufacturing chain to less expensive overseas countries. The enterprise acted as a pioneer for the cradle-to-cradle precept extra than 10 years in the past and increased the share of articles crafted from natural cotton. This pioneer function enabled Trigema to amplify its profile. Furthermore, all textiles are designed in Burladingen, wherein the enterprise is located, and manufacturing takes region completely in Germany. Wolfgang Grupp presently has round 1200 personnel.
All of his personnel earn above the statutory minimal salary and Grupp ensures all kids of his personnel a activity at Trigema this is concern to social protection contributions. Trigema merchandise may be determined in our very own on line store and in our very own Trigema shops. The enterprise additionally produces for company clients through order. Since Grupp has taken over the enterprise, there was no short-time paintings and no layoffs. His kids, Bonita and Wolfgang Junior, each paintings in main positions at Trigema. His spouse Elisabeth will determine which of the kids will lead the enterprise as dealing with director withinside the future. In addition to his paintings as a fabric entrepreneur, Grupp may be very socially committed. With his spouse, he based the “Wolfgang and Elisabeth Grupp Foundation” and as a result helps tasks and those in want in his domestic location of Burladingen. There are numerous tv documentaries approximately Wolfgang Grupp and his enterprise Trigema.
Career highlights
Wolfgang Grupp`s enterprise is the biggest German manufacturer of entertainment and sports activities apparel in Germany. In 2019, he acquired the Federal Cross of Merit 1st Class from the Prime Minister of Baden-Württemberg Winfried Kretschmann, as a part of Trigema`s one hundredth anniversary. For his rhetorical skills, Wolfgang Grupp acquired the Cicero speaker award withinside the commercial enterprise class in 2005. Grupp have become acknowledged national thru tv classified ads with a chimpanzee, the “Trigema monkey”.
Famous quotes
- “The reality that we needed to introduce a minimal salary in Germany in any respect is a disgrace for us entrepreneurs.”
- “I`ll live right here till I die.”
Success tips
In an interview, Grupp found out his mystery of success:
- Grupp has continuously reinvented itself and its enterprise and tailored its company method to the modified market.
- Grupp pursues honest pay, flexibility and independence in its enterprise.
- He isn’t always targeted at the boom of his manufacturing number, however on innovation.
- Grupp makes use of itself as a emblem ambassador and runs few steeply-priced advertising and marketing campaigns.
