Guenter Herz

Günter Herz is a German businessman, former CEO of the German coffee shop and retail chain Tchibo.

  • Guenter ran his family’s Tchibo coffee business for almost 35 years, building it into a retailing force by adding other consumer goods and services.
  • In 2003, he and sister Daniela sold their combined 40% interest in the family holding company, maxingvest ag, for an estimated $5 billion.
  • maxingvest owns Tchibo, cofounded by Guenter’s father Max Herz in 1949, and a stake in skin-care company Beiersdorf, whose brands include Nivea.
  • Guenter and Daniela make private equity investments through Mayfair SE, which, in 2006, acquired shipping classification company Germanischer Lloyd.
  • GL later merged with Det Norske Veritas (DNV) of Norway and in 2017, Mayfair sold its 36.5% stake to DNV GL for an undisclosed sum.

Guenter Herz Tchibo