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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]
Saturn was acquired by the Media Markt holding company in 1990, both of which were merged into the MediaMarktSaturn Retail Group. In 1992 there were seven Saturn Hansa stores (Cologne, Frankfurt, Munich, Dortmund, Hanover, Nuremberg, Gelsenkirchen). Saturn shops are usually between 2,000 m 2 (22,000 sq ft) and 10,000 m 2 (110,000 sq ft) in size.
MediaMarkt is a German multinational chain of stores selling consumer electronics with over 1000 stores in ten countries in Europe.With the Saturn chain of stores it constitutes Media-Saturn Holding, owned by the retail company Ceconomy, which was demerged from Metro Group in 2017.
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 ]
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Ceconomy is a stock corporation under German law with its registered office in Düsseldorf. Its shares are traded on the Prime Standard of Deutsche Börse.Ceconomy was part of the MDAX from 2017 to September 2018 and has since been part of the SDAX. [17]