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Founder of New Yorker department store chain dies

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Founder of New Yorker department store chain dies

Friedrich Knapp, the German billionaire and businessman, founder and director of the famous “New Yorker” clothing chain, died at the age of 73.

Oku.Az This was reported by the Tagesschau portal.

According to the Bild newspaper, Knapp, who rarely appeared in public, died last week on the island of Zult after lengthy treatment in Switzerland. He was reported to have been seriously ill about a year ago.

It should be noted that Knapp has created a fashion empire consisting of more than 1,200 stores in 47 countries. Currently, “New Yorker” has about 23 thousand employees.

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