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Trigema boss Wolfgang Grubb reveals major losses at family firm

Original: wolfgang grupp

Wolfgang Grupp, longtime head of German clothing maker Trigema, says the company has suffered losses running into millions, drawing attention to the state of the storied family business. The 83-year-old executive also made headlines after landing by helicopter at Karls Erdbeerhof on the Baltic coast, a popular tourist destination. Commentators are weighing the difficulties facing traditional German mid-sized manufacturers amid rising costs and weak consumer demand.

Why now: New comments from Grupp about Trigema's million-euro losses, plus his surprise helicopter appearance, have put the veteran entrepreneur back in the news.

Wolfgang GruppTrigemaKarls Erdbeerhof

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