dm-drogerie markt (usually abbreviated as dm) is a chain of retail stores headquartered in Karlsruhe, Germany, offering cosmetics, healthcare items, household products and health food and drinks. The company was founded in 1973 when it opened its first store in Karlsruhe. In its industry sector, dm-drogerie markt is Germany's largest retailer measured by revenues. The company is known for its flat hierarchical structures and high level of social commitment. Götz Werner claimed that the well-being of employees is more important than the company's returns.