Otto GmbH

Last updated
Otto GmbH & Co KG
TypePrivate
Genre Mail order
PredecessorOtto Versand
FounderWerner Otto
Headquarters
Hamburg
,
Germany
Key people
Michael Otto
Revenue14.3 Billion EUR (2019/2020) [1]
OwnerMichael Otto
Number of employees
51′982 (2019/2020) [1]
Subsidiaries Crate & Barrel, bonprix, About You, 3 Suisses
Website www.ottogroup.com/en/index.php

Otto GmbH & Co KG (doing business as Otto Group, stylized as otto group, formerly Otto Versand) is a German mail order company and one of the world's biggest e-commerce companies. Based in Hamburg, it operates in more than twenty countries. [2] Otto is primarily a retail e-commerce company, and as a shareholder, it also operates in e-commerce services. The Otto group has expanded into real estate and financial services. [3]

Contents

In France, Otto claims to be the leading e-commerce business through 3 Suisses. In June 2013, Otto executed a full takeover to become its only shareholder. [4]

History

The family of executive board chairman Michael Otto owns the majority of the company. The company is based in Hamburg, Germany. It was founded by Werner Otto in 1949. [5] The first catalogue was hand produced offering twenty eight styles of shoes.

During the 1950s, the product range business volume expanded. Otto introduced telephone orders in 1963, and launched an online shopping website in 1995. [6]

Michael Otto was the former owner of Spiegel, Inc. (the former owners of the Spiegel catalogue). Spiegel, Inc. filed for bankruptcy on 17 March 2003.

On 25 May 2005, Spiegel, Inc., emerged from bankruptcy renamed Eddie Bauer Holdings, and was primarily owned by Commerzbank.

Subsidiaries

Individual companies of the Otto Group:

Related Research Articles

<span class="mw-page-title-main">Eddie Bauer</span> American retail company

Eddie Bauer, LLC is an American clothing store chain headquartered in Seattle, Washington. Eddie Bauer sells its merchandise via retail stores, outlet stores, and online and via phone, with a call center in Groveport, Ohio. Its flagship store is in Bellevue at Bellevue Square. In addition to the three sales channels, the company operates a distribution and fulfillment center in Groveport, Ohio; an IT facility in Westmont, Illinois; and a distribution center in Vaughan, Ontario. Eddie Bauer is also a minority participant in joint ventures in Japan and Germany that include retail stores, catalogs, and websites. The company also selectively licenses the Eddie Bauer brand name and logo for various products sold through other companies including eyewear, furniture, bicycles, and, up until the 2010 model year, upper level versions of Ford Motor Company's Bronco, Explorer, Expedition and Excursion SUVs.

Michael Otto, is the chairman of the supervisory board of Germany's Otto Group, one of world's largest mail order company, with €15.6 billion in 2021.

<span class="mw-page-title-main">Deutsche Presse-Agentur</span> German news agency

dpa Deutsche Presse-Agentur GmbH is a German news agency founded in 1949. Based in Hamburg, it has grown to be a major worldwide operation serving print media, radio, television, online, mobile phones, and national news agencies. News is available in seven languages, among them German, English, Spanish and Arabic.

Turck is a German manufacturer in the industrial automation sector. The sensor, fieldbus, interface and connection technology provider is represented worldwide with around 4650 employees in more than 30 subsidiaries and sales partners in a further 60 countries.

<span class="mw-page-title-main">Hamburger Verkehrsverbund</span> Transit district in the Hamburg metropolitan area, Germany

The Hamburger Verkehrsverbund (HVV) is a transport association coordinating public transport in and around Hamburg, Germany. Its main objectives are to provide a unified fare system, requiring only a single ticket for journeys with transfers between different operating companies, and to facilitate and speed up travel by harmonising the individual companies' schedules. At its inception in 1965, the HVV was the first organisation of its kind worldwide.

<span class="mw-page-title-main">Bahlsen</span> German food company

Bahlsen is a German food company based in Hanover. It was founded in July 1889 by Hermann Bahlsen (1859–1919) as the "Hannoversche Keksfabrik H. Bahlsen". German politician Ernst Albrecht (1930–2014) was CEO of Bahlsen in the 1970s and the press gave him the nickname "Cookie Monster".

<span class="mw-page-title-main">Spiegel (US retailer)</span> Former direct marketing retailer

Spiegel was an American direct marketing retailer founded in 1865 by Joseph Spiegel. Spiegel published a catalog, like its competitors Sears and Montgomery Ward, which advertised various brands of apparel, accessories, and footwear, as well as housewares, toys, tools, firearms, and electronics. Their company brands included Newport News, Shape FX, and Old Kraftsman, among others. They also operated brick-and-mortar stores.

<span class="mw-page-title-main">PIN Group</span>

The PIN Group was a German courier and postal services company. It belonged to PIN Group S.A., a Luxembourg-based corporate affiliation made up of several German postal companies.

<span class="mw-page-title-main">REWE Group</span> German supermarket corporation

The REWE Group is a German diversified retail and tourism co-operative group based in Cologne, Germany. The name REWE comes from Revisionsverband der Westkauf-Genossenschaften", meaning "Western Buying Co-operatives Auditing Association".

<span class="mw-page-title-main">Grattan plc</span>

Grattan is an English catalogue clothing retailer based in Bradford, England with 18 stores and 2 main catalogues and a number of specialty catalogues. Grattan has approximately 2,600 employees.

Kaleidoscope is a catalogue and online based retailer specialising in women’s fashion and accessories, but also stocking homewear and electricals. Kaleidoscope is owned by Freemans Grattan Holdings, which is in turn owned by Otto GmbH – one of the largest retailers in the world with over 50,000 employees at 123 companies across more than 20 countries.

Manufactum GmbH & Co. KG is a German retailer with nine full-sized stores in Germany and an online store that serves primarily Germany, Austria, Switzerland, and the UK. The main focus of the company are household and garden goods made with traditional manufacturing methods and materials. The company also sells cosmetics, apparel and shoes, computers, bikes, foodstuffs, books, bed and bath accessories, and furniture.

Hermes Europe GmbH is a German delivery company headquartered in Hamburg, owned by the retail company Otto GmbH.

<span class="mw-page-title-main">Frank Otto (media entrepreneur)</span>

Frank Otto is a German media entrepreneur and pioneer in the field of private radio and private television in Germany. Aside from Frank Otto Medien Beteiligungs GmbH & Co.KG, he is also involved in various radio and TV stations.

Kreditech is a German online lender which offers loans to individuals based on their creditworthiness which is analyzed using their online data instead of using traditional credit rating information. Founded in 2012 by Sebastian Diemer and Alexander Graubner-Müller, Kreditech is headquartered in Hamburg, Germany; it particularly focuses its efforts on emerging markets.

Signa Holding GmbH is Austria’s largest privately owned real estate company. Signa Holding GmbH announced insolvency proceedings at the end of November 2023. The company will apply for self-administration restructuring proceedings at the commercial court Vienna.

<span class="mw-page-title-main">Hanseatic Bank</span>

As a private bank based in Hamburg, Hanseatic Bank operates throughout Germany. It specializes in four core businesses: deposit-taking, real-estate related financing, receivables management and credit cards. The company's products are distributed by partners as well as directly in one of the ten branches, online or through its own service center. Additionally, within the framework of factoring collaborations, Hanseatic Bank acquires receivables from companies within and outside of the Otto Group. The bank has more than 500 employees working at the headquarter and the subsidiary Hanseatic Service Center GmbH in Hamburg.

<span class="mw-page-title-main">EOS Group</span> German holding company

The EOS Group is a holding company that operates financial services companies with locations in Europe, the United States and Canada. Its core activity is receivables management including receivables purchasing and debt collection. The group, which has its headquarters in Hamburg, is part of the Otto Group.

<span class="mw-page-title-main">Neckermann (company)</span> Former German mail order company

Neckermann Versand AG is a former German mail order company founded by Josef Neckermann in 1950. It was one of the leading mail order companies in Europe.

References

  1. 1 2 "Annual Report 2019/20" (PDF). Retrieved 13 July 2020.
  2. Manning, C. J. "Catalog Shopping". HowToGermany.com. Retrieved 2010-07-24.
  3. "Otto & Family". Forbes. Retrieved August 8, 2016.
  4. News, Ecommerce (8 July 2013). "Otto wants to buy e-commerce assets of 3SI". Ecommercenews.eu. Retrieved 2013-07-08.{{cite web}}: |last= has generic name (help)
  5. "Information about Otto GmbH". Meingutscheinecode. 7 September 2016. Retrieved 2016-09-07.
  6. http://www.theolympian.com/2011/12/27/1926895/german-industry-mogul-werner-otto.html%5B%5D
  7. "Otto Group: Printus übernimmt OTTO Office".
  8. https://www.deutsche-startups.de/verzeichnisse/startups-a-z/ratepay/ RatePAY is a subsidiarie of Otto Group

53°36′3.17″N10°4′21.12″E / 53.6008806°N 10.0725333°E / 53.6008806; 10.0725333