Word: giroldi
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Dates: during 2000-2009
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...across the country as people adapt to hard times. According to marketing company SevenOne Media, Germans spend $43.7 billion a year on home improvements, double the amount spent in Britain and France. The biggest beneficiary of this trend is OBI, the Home Depot of Europe, whose CEO, Sergio Giroldi, says the company sold $7.6 billion worth of tools, wood and home decorations last year. He expects 10% growth this year. That's a good sign, since Germans still have a lot of work to do if they want to turn their country around. --With reporting by Regine Wosnitza/Berlin