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Saturn is a German chain of electronics stores in Germany. With Media Markt it constitutes Media-Saturn Holding, owned by the retail trade company Ceconomy, which was spun-off from Metro Group in 2017. The Saturn store in Hamburg is the biggest electronics retail shop in Europe. Saturn is known for its slightly coarse advertising slogan Geiz ...
Metro AG was renamed Ceconomy, comprising Media Markt and Saturn electronics stores, while a new company with the name Metro AG was formed, comprising Metro Cash & Carry and Real. In September 2018, Metro announced that it wanted to sell the Real hypermarket subsidiary in Germany to focus entirely on wholesale business. [ 19 ]
Media-Saturn-Holding (or MediaMarktSaturn Retail Group), headquartered in Ingolstadt, bundles business under the MediaMarkt and Saturn brands. The formerly independent retail chains have been affiliated under company law since 1990. [21] The first MediaMarkt store opened in Munich in 1979, [22] the first Saturn store in 1961 on Cologne's ...
Since 2017 Media-Saturn Holding which consists of MediaMarkt and Saturn chains is owned by Ceconomy, a company formed through a demerger from Metro Group. [5] In July 2017 Ceconomy bought a 24% stake in French multinational Fnac Darty. [6] In 2018 Ceconomy sold the 46 stores in Russia to M.video in exchange for 15% in the Russian retailer. [7]
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Erich Kellerhals (8 November 1939 – 25 December 2017 [1]) was a German billionaire, co-founder of Media-Saturn-Holding GmbH, owner of Media Markt. In March 2017, his net worth was estimated at US$1.8 billion. [2]
A Canadian woman allegedly attempted to smuggle 22 pounds of methamphetamine wrapped as Christmas presents through a New Zealand airport on Sunday, Dec. 8. According to a news release from the New ...
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