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Otto GmbH & Co KG
Company typePrivate
Industryretail Edit this on Wikidata
GenreMail 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]
SubsidiariesCrate & Barrel, bonprix, About You, 3 Suisses
Websitewww.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]

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:

References

  1. ^ a b "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[permanent dead link]
  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

External links

Wikimedia Commons has media related to Otto-Versand.

53°36′3.17″N 10°4′21.12″E / 53.6008806°N 10.0725333°E / 53.6008806; 10.0725333


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