Wolfgang Grupp Net Worth

Short introduction

Wolfgang Grupp is an entrepreneur from Germany, proprietor and dealing with director withinside the 1/3 technology of the famous fabric employer Trigema.

Early life

Wolfgang Grupp became born in Burladingen right into a conservative Catholic own circle of relatives of entrepreneurs. He became a scholar on the Jesuit College St. Blasien and graduated from excessive college in 1961. He determined to look at 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 employer, Trigema. Trigema became based with the aid of using Grupps grandfather Josef Mayer and his brother Eugen beneathneath the call Trikotwarenfabrik Gebr. Mayer KG in 1919. Wolfgang Grupp’s father, Franz Grupp, became the dealing with companion of this employer.

Career

When Wolfgang Grupp took over Trigema from his father in 1969, the employer became closely in debt. He analyzed the employer’s shape and determined to go back to the employer’s roots. Grupp noticed the trouble withinside the excessive diversification of the product variety and decreased it. Through the restructuring of the employer, he became capable of boom income from 8.7 million to 28.1 million withinside the following six years, thereby paying off the employer’s debts. This became the start of the upswing of the employer. To date, the employer works with 100% equity. The Trigema idea is primarily based totally on innovation and merchandise with a nearby and truthful manufacturing method. Production in line with style trends, however, is of secondary significance for the employer. Trigema is the simplest German employer that simplest produces in Germany and has now no longer outsourced any a part of the manufacturing chain to less expensive overseas countries. The employer acted as a pioneer for the cradle-to-cradle precept greater than 10 years in the past and improved the percentage of articles crafted from natural cotton. This pioneer position enabled Trigema to amplify its profile. Furthermore, all textiles are designed in Burladingen, wherein the employer is located, and manufacturing takes location solely in Germany. Wolfgang Grupp presently has round 1200 personnel. All of his personnel earn above the statutory minimal salary and Grupp ensures all youngsters of his personnel a task at Trigema this is concern to social safety contributions. Trigema merchandise may be determined in our very own on line save and in our very own Trigema shops. The employer additionally produces for company clients with the aid of using order. Since Grupp has taken over the employer, there was no short-time paintings and no layoffs. His youngsters, Bonita and Wolfgang Junior, each paintings in main positions at Trigema. His spouse Elisabeth will determine which of the youngsters will lead the employer as dealing with director withinside the future. In addition to his paintings as a fabric entrepreneur, Grupp could be very socially committed. With his spouse, he based the “Wolfgang and Elisabeth Grupp Foundation” and consequently helps initiatives and those in want in his domestic area of Burladingen. There are numerous tv documentaries approximately Wolfgang Grupp and his employer Trigema.

Career highlights

Wolfgang Grupp’s employer is the most important German manufacturer of amusement and sports activities garb in Germany. In 2019, he obtained the Federal Cross of Merit 1st Class from the Prime Minister of Baden-Württemberg Winfried Kretschmann, as a part of Trigema’s one centesimal anniversary. For his rhetorical skills, Wolfgang Grupp obtained 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 truth 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:

1. Grupp has continuously reinvented itself and its employer and tailored its company method to the modified market.
2. Grupp pursues truthful pay, flexibility and independence in its employer.
3. He isn’t always centered at the increase of his manufacturing number, however on innovation.
4. Grupp makes use of itself as a logo ambassador and runs few high priced advertising and marketing campaigns.