Editing Karl-Heinz Kipp (section)

==Career==
Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965.<ref name=Forbes/> At the beginning of the 1970s Kipp built the first large-scale consumer market{{clarify|date=September 2024}} on a "greenfield site". Within a few years, 30 more Massa supermarkets followed in southwestern Germany. In 1981, Kipp introduced financial shopping.{{clarify|date=September 2024}} In 1986, the Massa supermarkets shares went public. In 1987, Kipp sold his remaining shares but kept the real estate, which he rented to the retailer [[Metro AG]].<ref name=Forbes/>

=== Real estate ===
Kipp owned real estate in the U.S., including 950 [[3rd Avenue (Manhattan)|Third Avenue]] in Manhattan.<ref name="Forbes" />

In 1980 Kipp acquired the five-star Tschuggen Grand Hotel in [[Arosa]].<ref>{{Cite web|title=Tschuggen Hotel Group – 40 Jahre Schweizer Luxus-Hotellerie – Starling-PR {{!}} Travel PR Agency|date=31 October 2019 |url=http://www.starling-pr.com/press/tschuggen-hotel-group-40-jahre-schweizer-luxus-hotellerie/|access-date=2020-11-30|language=en-US}}</ref> In addition, he owned five Swiss hotels and resorts in his "Tschuggen Hotel Group", including the Hotel Eden Roc in [[Ascona]], the Carlton Hotel in [[St Moritz]] and the Tschuggen Grand Hotel in [[Arosa]].<ref>{{cite web|url=http://thepalacehotelsoftheworld.com/hotelcarltonstmoritz|title=Karl Heinz Kipp in the shaken History of the Hotel Carlton|author=|date=|website=thepalacehotelsoftheworld.com|accessdate=12 October 2017}}</ref>