The Lorenz Shoe Group has received the prestigious Austrian Hermes prize for economic achievement in the “successful family enterprise” category. It was founded by the Högl and Lorenz families in 1982, but the Högl family withdrew in 2000, with the Lorenz and Bachmaier families taking over all the shares and appointing Gerhard Bachmaier as the chief executive. The group owns important footwear brands like Högl, Hassia and Ganter. It has subsidiaries in Russia and China. It launched the Högl online store in Austria, Germany and Russia last year.