Despite its narrowed focus, the company produced revenues of more than EUR 209 million ($200 million) in 2001.
The company is led by Julius Meinl IV and Thomas Meinl, representing the fourth generation, and by Julius Meinl V, the fifth generation of the Meinl family to lead the business. The company expects to open similar cafés in other major cities in the early years of the new century. To support sales of its roasted coffees, Meinl, which many consider as a primary player in the creation of the famed Viennese café culture, has begun an attempt to export the European coffeehouse in 2002, the company opened its first coffee café in Chicago. Another Meinl operation is a successful online commerce site, selling the company's branded products around the world. Meinl, which, although listed on the Vienna stock exchange, is controlled by the founding Meinl family, also operates its own bank, Meinl bank, which specializes in investment and private banking. On the production side, Meinl operates coffee roasters in Austria, Italy, Slovenia, and Slovakia and a jam and preserve processing facility in Vienna. The company also has retained its retail networks in the Czech Republic and Poland, which total more than 100 stores, although Meinl has suggested that it is interested in selling these outlets as well. Meinl has nonetheless held on to its prestigious flagship store in Vienna's city center, which trades under the Gourmet banner. Once renowned as one of the leading supermarket and retail groups in Central Europe, the Vienna, Austria-based holding company has all but exited retailing, returning instead to its earliest roots as a coffee roaster-the company's Meinl brands are leaders in Central Europe-and producer of gourmet teas, jams, jellies, and other fine foods. With a history spanning nearly 150 years, Julius Meinl International AG has pulled an about-face for the new century. This is where the future of Julius Meinl lies. However, the "Julius Meinl" brand name will continue to be the common factor in all management decisions, the company's tradition making it essential to maintain the highest standards in quality and service. This is the only criterion on which investment and disinvestment decisions are based. With its commitment to the principle of "shareholder value," the company will base its evaluation of every investment on how, and to what extent, value growth can be achieved. The current investment portfolio of Julius Meinl International covers the areas of retail trading, coffee and real estate. It is on this local market knowledge that investment decisions are based. The many years' experience which Julius Meinl International has gained in the markets of Central and Eastern Europe means that it is well placed to determine what local requirements are. It has 51 guest apartments.Corporate Strategy: Julius Meinl International AG is an investment holding company which is based in Vienna and whose activities are concentrated mainly in Central and Eastern Europe, thus continuing a long Julius Meinl tradition of playing a leading role in the heart of Europe since 1862.įor almost 140 years the name "Julius Meinl" has stood for the highest quality in goods and services and in the retail trade, with a brand name which is known far beyond the borders of Austria itself. The group’s second property, the Escala Hotel & Suites is in Budapest and was acquired in June 2021.
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Spacious communal areas, relaxing lounges and professional co-working spaces enable guests to network, meet like-minded people or simply unplug. The Julius, Prague has been created to cater for both short and long-term stays in generously sized residences. The Emporium bistro and bar sits at the centre of the property and offers the perfect setting for lunch or relaxed working during the day, before the lighting dims to a relaxed atmosphere, encouraging guests to enjoy the evening drinks and food menu. Evoking the timeless standard and spirit of European hospitality through a modern mind-set, The Julius, Prague offers a place to relax, explore, work and treat as a home in the city. It was opened in the spring of 2022 and has 168 guest rooms and apartments.ĭesigned by renowned architecture and design firm Matteo Thun & Partners, The Julius balances luxury and modern design with warmth, comfort and convenience. The group’s flagship property is “The Julius, Prague” on Senovazne Namesti in Prague, in the Czech Republic.