Weltbild

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Weltbild Publishing Group
Company typeGmbH & Co. KG
Founded2001
FounderJosef Hall
Headquarters,
Key people
Christian Sailer, Angela Schünemann
Number of employees
1,300 (December 2015[1])
ParentDroege International Group
Websitewww.weltbild.com

Weltbild Publishing Group (German: Verlagsgruppe Weltbild) is a major German publisher and media retailer based in Augsburg. It is partner of the holding company DBH Deutsche Buch Handels GmbH & Co. KG and itself it is owned by the dioceses of the Roman Catholic Church of Germany. The name Weltbild roughly translates to "worldview". Since 2001, Weltbild had had a joint venture with OZ-Verlag in the magazine sector (Living & More GmbH, Offenburg). There were also 50/50 joint ventures with the Belgian media company Belgomedia (Bayard Presse, France, and Roularta Media, Belgium). Weltbild published magazines in the Parenting and Family, 40-plus/50-plus, and Home and Garden segments. In fiscal 2007/2008, Weltbild sold its entire magazine division to the French Bayard Group.[2] As of 2006, Weltbild claims to be Germany's largest media and mail-order company, with a market share of ten percent. It also says it is No. 2 among online book retailers (presumably after Amazon.de). Weltbild employs some 6,400 employees and has a revenue of 1,7 billion EUR. According to the enterprise, some 5,5 million customers in the German-speaking countries buy Weltbild books by mail order, in one of the 300 Weltbild shops or over the Internet. Its mail-order catalogue has a print run of four million.[citation needed]

Bankruptcies

Weltbild filed for bankruptcy on 10 January 2014.[3] On 2 August 2014 the financial investor Droege International Group bought 60% of the company's shares and started a recapitalisation.[4] In June 2024, Weltbild filed for insolvency. Their remaining 14 stories were closed by the end of August and their website was taken down.[5] Rival bookstore Thalia acquired Weltbild's online assets in September.[6][7]

Controversy

Erotica books in the assortment of the company caused a controversy in 2011.[8]

References

  1. Kerler, Michael (22 December 2015). "Kurz vor Weihnachten: Weltbild entlässt 48 Mitarbeiter". Augsburger Allgemeine (in Deutsch). Mediengruppe Pressedruck. Archived from the original on 2 July 2017. Retrieved 7 November 2017.
  2. "Bayard übernimmt den Zeitschriftenbereich von Weltbild". new-business.de (in Deutsch). Retrieved 19 November 2022.
  3. "Catholic Church-owned German bookseller Weltbild files for insolvency". Reuters.
  4. "Insolventer Verlagskonzern: Investor Droege übernimmt Weltbild schrittweise". Der Spiegel. 4 August 2014 – via Spiegel Online.
  5. Nawotka |, Ed. "Germany's Weltbild to Close Remaining Stores". PublishersWeekly.com. Retrieved 20 November 2024.
  6. "Bundeskartellamt - Thalia Bücher GmbH can acquire assets of Weltbild GmbH & Co. KG". Bundeskartellamt. 17 September 2024. Retrieved 20 November 2024.{{cite web}}: CS1 maint: url-status (link)
  7. "Weltbild.de wird zu Thalia.de: Das ändert sich für Sie". Thalia.de.{{cite web}}: CS1 maint: url-status (link)
  8. "Catholic Church Makes A Fortune In The German Porn Business". Worldcrunch.

External links