Acronyms that contain the term praktiker 

Praktiker

Praktiker AG was a German hardware store chain which operated in Europe. It was based in Hamburg and opened its first store in 1978 in Luxembourg under the name bâtiself. Initially owned by ASKO, the chain became a division of Metro AG after the merger of ASKO with Metro Cash & Carry in 1995. It was spun off under the name Praktiker Holding in November 2005 and listed on the Frankfurt Stock Exchange. Since 2006 until 2011 was listed on MDAX and since 2011 until 2013 on SDAX. In contrast to most of its German competitors, the company grew up by buying up various small DIY chains and building material stores. In addition, there was expansion into the new federal states and other European countries in the 1990s. After Metro AG's withdrawal as shareholder in 2006, the company experienced an existential crisis and posted high losses for years. Despite intensive efforts and considerable financial injections, the attempts to restructure failed. On July 10, 2013 Praktiker AG filed for insolvency at the Hamburg district court the following day for the eight domestic subsidiaries, including Extra Bau+Hobby. The insolvency application for Praktiker AG was filed on July 12, 2013 at the Saarbrücken District Court and on 25 July 2013 for the Max Bahr subsidiary. The Praktiker and Extra stores were closed on 30 November 2013, followed by the Max Bahr stores on February 25, 2014. External subsidiares were not affected by the bankruptcy. All of them was sold to other companies between 2013 and 2015. The name Praktiker continues to be used by former subsidiaries in Bulgaria, Greece, Hungary and Turkey. In 2016 two German businessmen acquired the naming rights and opened under praktiker.de a home improvement online store.

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