Torsten Toeller
$1.7B
Born
Apr 06, 1966
Age
59
Source of Wealth
Pet food
Residence
Krefeld,
Citizenship
Germany
Marital Status
Married
Children
0
Education
- Torsten Toeller encountered pet supply superstores during a visit to the U.S. in the late 1980s and decided the concept deserved a try in his native Germany.
- When he opened his first Fressnapf store in 1990, in Erkelenz, customers were initially unimpressed with his selection and prices.
- Toeller doubled down by selling his car to raise cash, invested in more inventory and went for broke with aggressive discounts.
- The gamble paid off, and in 1992 Fressnapf Tiernahrungs GmbH began opening franchise stores, paving the way for rapid growth.
- Today, with over 20,000 people working in approximately 2,600 stores in 15 countries, it is Europe's largest pet-focused chain.
- Toeller has invested in an office building project called Mercator One in Duisburg, close to the company's headquarters in Krefeld.
- He is a car fanatic and former sailor.
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