| Capital: | € 10.5 million |
|---|---|
| Age: | 78 |
| Born: | 04/04/1942 |
| Country of origin: | Germany |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2020 |
Short introduction
Wolfgang Groupp is an entrepreneur from Germany, the owner and managing director of the third generation of the famous Textile Company Trigonomes.
Early Life
Wolfgang Groupp was born in Burladingen to become a family of conservative Catholic businessmen. He is a student at Jesuit College St. Blasiaen and graduated from secondary school in 1961. He decided to study business administration at Cologne University. After completing a bachelor’s degree in business administration, he took over the management of his father’s company, Trigema. Trigema was founded by Grandps Grandfather Josef Mayer and his brother Eugen with the name Trichotwarenfabrik Gebr. Mayer KG in 1919. Father Wolfgang Grupp, Franz Grupp, is the company’s management partner.
Career
When Wolfgang Groupp took over Trigema from his father in 1969, the company was very oweing. He analyzed the company’s structure and decided to return to the company’s roots. Groupps sees problems in high diversification of various products and reduces. Through the company’s restructuring, he could increase sales from 8.7 million to 28.1 million in the next six years, so it repaid the company’s debt. This is the beginning of the company’s upswing. Until now, the company works a hundred percent equity. The trigema concept is based on innovation and products with regional and reasonable production methods. However, production in accordance with Fashion trends is secondary to the company. Trigema is the only German company that only produces in Germany and has not carried out outsourcing parts of the production chain to cheaper foreign countries. The company acted as a pioneer for the cradle-to-cradle principle more than 10 years ago and expanded the proportion of articles made of organic cotton. This pioneering role allows trigema to expand its profile. Furthermore, all textiles are designed in Burladingen, where companies are located, and production takes place exclusively in Germany. Wolfgang Groupp currently has around 1200 employees. All employees earn above the minimum wage of Law and Grouppans guaranteed all children from employees of work in Trigema who are subject to social security contributions. Trigema products can be found in our own online store and at our own Trigema store. The company also produces for corporate customers to order. Because Groupp has taken over the company, there is no short work and no layoffs. Two of his children, Bonita and Wolfgang Junior, both worked in a leading position in Trigema. His wife Elisabeth will decide which of children who will lead the company as the future implementing director. In addition to his work as a textile entrepreneur, Groupp is very socially committed. With his wife, he founded “Wolfgang and Elisabeth Grupp Foundation” and thus supported the project and those in need in his home region of Burladingen. There are several television documentaries about Wolfgang Grupp and Triguman company.
Career spotlight.
Wolfgang Groupp Company is the largest German recreational and sports clothing manufacturer in Germany. In 2019, he received a federal cross from grade 1 from Prime Minister Baden-Württemberg Winfried Kretschmann, as part of the 100-year anniversary of Trigema. For his retoric skills, Wolfgang Groupp received the Cicero speaker award in the business category in 2005. Groupp was later known as nationally through television advertising with chimpanzees, “Monkey Trigema”.
Famous quotes
“The fact that we have to introduce a minimum wage in Germany is completely embarrassing for US entrepreneurs.”
“I will stay here until I die.”
Success tips
In an interview, Groupp revealed the secret of success:
1. Groupp is constantly re-created itself and its company and adapted its company’s strategy to the changed market.
2. GroupUp pursue salaries, flexibility, and fair independence in the company.
3. He does not focus on the growth in the amount of production, but in innovation.
4. Groupp uses itself as a brand ambassador and runs several marketing campaigns at high prices.
Net Worth 2020
As of 2020, his estimated net worth is around 80 million euros
