Kühne & Nagel
Strategic Concepts & Mechanics
Primary Evidence
"Berger, who enjoys taking risks but is a realist, knows his value to Benko very well. Thanks also to the almost inexhaustible network of the advisor, Benko can gain connections in politics and new investors. Thus, Robert Peugeot from the namesake auto dynasty likely places his trust and invests in Benko's company also because his good old acquaintance Roland Berger is among the shareholders. And for Klaus-Michael Kühne, majority owner of the forwarding company Kühne & Nagel, the name Robert Peugeot matters when he joins the circle of investors years later."
"Klaus-Michael Kühne led the forwarding company Kühne & Nagel to global recognition. He holds large stakes in the Hamburg shipping company Hapag-Lloyd and the German airline Lufthansa. Thus, he has become the richest man in Germany. However, two investments have only brought him losses, both financially and emotionally. His hometown club, Hamburger Sportverein (HSV), just won't manage to get promoted to the 1st Bundesliga, despite several injections of funds from Kühne over the past years. And then there is René Benko's Signa, in which he has invested even more. More than 500 million Euros from his family foundation are tied up in the company, as he spoke to two editors of manager magazin at the beginning of the year 2023."