Founder of the “New Yorker” fashion chain: Friedrich Knapp dead | NDR.de – News – Lower Saxony

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​​​​Friedrich Knapp, the founder and owner of the “New Yorker” fashion chain, died Friday night at the age of 73. This​ was announced​ by the Braunschweig-based company.

“It is with great sadness that we say ⁢goodbye to​ our owner⁤ and⁢ managing partner, ⁣who made​ New Yorker, ‌through his courageous and visionary actions, ‌one of ⁣the largest fashion‍ companies ⁢in the world,” wrote managing directors Helene Steiner and Jonas Gnauck in a statement. The entrepreneur leaves behind three children. At first they had “Braunschweiger Zeitung” reported.

Knapp built a ‌global branch network

According to his ‌own information, the textile ‍trading company founded‌ by Knapp currently employs about 23,000⁤ people​ and ‌has more than 1,200 branches in 49⁢ countries around the world. “New York” stores can also be⁢ found in‍ many city centers in Germany. The business‌ magazine ‍”Forbes” estimates Knapp’s assets ​ about 4.6 billion dollars, which is currently ⁣equivalent to about 4.36 billion euros. The family businessman​ had arranged succession even after his death. The company said​ his daughter Sophie Knapp is vice-chairman of⁤ the supervisory board.

The Mayor recognizes Knapp’s commitment

The mayor ⁣of Braunschweig Thorsten Kornblum (SPD) praised Knapp as an “excellent entrepreneur of ​Braunschweig”. Knapp has created a success ​story that many would dream​ of. Kornblum also emphasized Knapp’s commitment to ‍the city, ​for example in sports⁣ and ‌culture. Supporting children ⁤was especially important to Knapp.

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NDR 1‌ Lower Saxony | Current | November 15, 2024 | 7:00 p.m

Founder of the “New Yorker” fashion chain: Friedrich Knapp dead | NDR.de – News – Lower Saxony

How did Friedrich Knapp⁢ influence the fashion retail landscape during his career?

Time.news Interview with Dr. Lisa Weber, Fashion Industry ⁢Expert

Interviewer (Time.news Editor): ​Welcome, Dr. Weber.⁢ Thank you for joining us today to discuss the impactful‌ legacy of Friedrich Knapp, founder of the ⁣New⁢ Yorker fashion chain, who recently passed away. His contribution to the fashion industry is significant. What’s⁢ your first reaction to the ⁣news of his ‌passing?

Dr. Lisa ⁣Weber: Thank you for having me. It’s a profound loss, not just for the New‌ Yorker ⁢brand but for the​ global fashion ​community. Friedrich Knapp’s vision and ambition truly revolutionized how we interact with fashion retail⁤ today. His ⁢approach to expanding the⁣ New Yorker brand across nations ⁢was nothing short of inspirational.

Interviewer: Absolutely. Knapp built a remarkable global branch network, with more than 1,200 stores in​ 49 countries.⁣ How ​did he manage to achieve such expansive growth in‍ a competitive industry?

Dr. Weber: ​ Knapp was not just an entrepreneur; he was a visionary leader. He understood ​the importance of localization while maintaining a global brand ‌identity. His strategy involved not just​ setting up stores but creating a cultural connection‌ with customers in ⁣each region. ‍This cultural ​sensitivity,⁤ combined with a strong⁤ understanding of market trends, allowed ⁣New Yorker to thrive in diverse environments.

Interviewer: ‌And let’s talk about his ⁤employee ⁣base. With around 23,000 employees, what does this signify about his leadership style?

Dr.‌ Weber: Knapp’s ability to employ and nurture such⁢ a vast workforce signifies his commitment⁤ to growth and sustainability.⁣ In ⁤the ‍fashion industry, where projects can shift rapidly, his emphasis ⁢on​ building a large, adaptable team‌ reflects his ⁢insight into the importance of‌ human⁢ capital. Moreover,⁤ the positive ⁤corporate culture he championed likely played a crucial role ⁣in keeping his employees motivated and dedicated.

Interviewer: The ⁣managing directors of New Yorker referred to his “courageous and visionary ‍actions” in their tribute. Can you provide examples ‍of what you think they were referencing?

Dr. Weber: Certainly. Knapp was an innovator in aspects of retailing and marketing. He embraced digitalization early‌ on,⁤ ensuring that New Yorker kept pace with technological advancements.⁣ His decision to incorporate e-commerce into their strategy helped⁣ the brand not just survive ⁢but thrive‌ during the pandemic. ‌Moreover, his willingness to⁢ explore ‌sustainable fashion trends shows his foresight into the shifting dynamics of consumer preferences.

Interviewer: Given his success, Forbes estimated ‌his net⁣ worth at ‍approximately $4.6 ‍billion. Do you think ⁣this ​wealth reflects merely financial success, or does it signify a deeper impact on ⁣the​ industry?

Dr. ⁢Weber: It’s both, really. While the figure highlights his ⁣financial acumen, ‌it also underscores the influence he wielded in ​shaping fashion retail practices.⁣ Wealth in this industry often ⁣correlates with innovation and the ability to lead change. Knapp’s wealth suggests that he not only created⁢ a successful brand but also an enduring legacy that will inspire future fashion leaders.

Interviewer: ‌As we reflect on his‌ legacy, how ​do ⁤you see New Yorker evolving in the future without⁣ his leadership?

Dr. Weber: It’s certainly a pivotal moment for​ the ‌company. The challenge will⁣ be to honor his vision while navigating the rapidly changing retail landscape. The new leadership will need to maintain⁢ the balance between innovation and tradition. If they can successfully carry forward ‌Knapp’s ethos—his commitment to quality, accessibility, and inclusiveness—they can continue⁢ to thrive while⁢ adapting​ to⁤ new consumer expectations.

Interviewer: Dr. ‍Weber, thank you ‌so much for your ⁣insight ⁤today. Friedrich Knapp’s legacy will undoubtedly serve as a⁢ foundation for future generations in the fashion industry.

Dr. Weber: It ​was my pleasure. Let’s⁣ hope that his passion for fashion continues to inspire others for ​years to come.

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