Praktiker
 |
|
| Aktiengesellschaft | |
| Traded as | : PRA |
| Industry | Retailing |
| Founded | 1978 (Luxembourg) |
| Headquarters | Hamburg, Germany |
|
Key people
|
Udo Gröner (Insolvency administrator Praktiker AG) Jens-Sören Schröder (Insolvency administrator Max Bahr) Christopher Seagon (Insolvency administrator Praktiker and Extra stores) |
| Products | Home improvement and garden centre retail |
| Revenue | €3.448 billion (2010) |
| €35.3 million (2010) | |
| Profit |
 (€554 million) (2011)
|
| Total assets | €2.031 billion (end 2010) |
| Total equity | €839.9 million (end 2010) |
|
Number of employees
|
19,523 (FTE, average 2011) |
| Website | www.praktiker.pl |
Praktiker is an international chain offering home improvement and do-it-yourself goods operating in Poland, Hungary, Romania, Ukraine, Greece and Bulgaria. It was based in Hamburg and opened its first store in 1978. Initially owned by ASKO, the chain became a division of Metro AG after the merger of ASKO with Metro Cash & Carry in 1995. It was spun off as a fully independent corporation - Praktiker AG - on 21 June 2007, listing on the and becoming an MDAX constituent. Later it was listed on the SDAX. Praktiker AG filed for insolvency on 11 July 2013 for eight subsidiaries including Extra Bau+Hobby, on 12 July 2013 for the umbrella brand Praktiker AG and on 25 July 2013 for the Max Bahr subsidiary. The foreign subsidiaries except the Turkish subsidiary Praktiker Yapi Marketleri A.Ş. (filed for bankruptcy in February 2013) are not affected by this. In 2013 and 2014 most of the Eastern Europe subsidiaries were sold to several companies, most of these companies retained the Praktiker brand for their chains, so the Praktiker brand is still alive and a comeback also in Germany is not excluded.
In 1979 Praktiker opened its first four stores in Germany. Over the years Praktiker took over many smaller companies and changed most of their stores into Praktiker stores:
The Praktiker management began in late 2012 with the transformation of 119 Praktiker stores to Max Bahr stores. At the end of this process in December 2013 Germany should have 117 Praktiker and 196 Max Bahr outlets, at the beginning of that process there were 236 Praktiker and 78 Max Bahr stores. Because of the insolvency applications in July 2013 all those plans are stopped, with 54 former Praktiker stores already transferred to Max Bahr outlets. The companies Hellweg and Globus failed to reach an agreement with the Royal Bank of Scotland to buy 59 Max Bahr stores in November 2013. All Praktiker, Extra Bau+Hobby and Max Bahr stores were closed by the end of November 2013 (Praktiker, Extra, 40 Max Bahr stores) or at the end of February 2014 (remaining Max Bahr stores).
In Ukraine, the first store was opened on November 29, 2007 in Donetsk, three more opened in Lwiw, Mykolaiv and Kiev. The stores were sold on February 11, 2014 to Ukrainian investor Kreston Guarantee Group.
The three Luxembourgian "bâtiself" stores in Foetz, Strassen and Ingeldorf were sold in October 2013. Now the bâtiself stores were rebranded and are not anymore related to the Praktiker brand.
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Wikipedia