Otto GmbH
 | This article needs additional citations for verification. (August 2008) |
 | |
| Type | Private |
|---|---|
| Genre | Mail order |
| Predecessor | Otto Versand |
| Founder | Werner Otto |
| Headquarters | Hamburg , Germany |
Key people | Michael Otto |
| Revenue | 14.3 Billion EUR (2019/2020)[1] |
| Owner | Michael Otto |
Number of employees | 51′982 (2019/2020)[1] |
| Subsidiaries | Crate & Barrel, , About You, 3 Suisses |
| Website | www.ottogroup.com |
Otto GmbH & Co KG (doing business as Otto Group, stylized as otto group, formerly Otto Versand) is a German mail order company and currently one of the world's biggest e-commerce companies. It is based in Hamburg, and 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 parent company of Eddie Bauer and the former owners of the catalogue Spiegel). It 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:
- About You
- Alba Moda
- Baumarkt Direct
- Baur
- Crate & Barrel
- EOS
- Frankonia
- Freemans Grattan Holdings
- Freemans
- Grattan
- Look Again
- Kaleidoscope/ Acquisition DiLusso.it
- Oli
- Hanseatic Bank (25%)
- Hanseatic Versicherungsdienst
- Hansecontrol
- Hansecontrol-Cert (49%)
- Heine
- Hermes Europe
- Hermes Parcel Services in Germany, UK, Italy, Austria
- Bombay Company
- Küche&Co
- Lascana
- Limango
- Manufactum
- Mirapodo
- MyToys.de (74.8%)
- Yomonda
- OFT
- OTTO
- OTTO Doosan Mail Order
- OTTO Group Russia
- OTTO Japan
- Eddie Bauer Japan
- OTTO Office
- Otto International
- Phi-t products & services (50%)
- RatePay[7]
- Schwab
- Shopping24
- Smatch.com
- 3 Suisses International Group
- Witt Weiden
- Witt-Group
- Witt International UK
- Fegro/Selgros
References[]
- ^ Jump up to: a b "Annual Report 2019/20" (PDF). Retrieved 13 July 2020.
- ^ Manning, C. J. "Catalog Shopping". HowToGermany.com. Retrieved 2010-07-24.
- ^ "Otto & Family". Forbes. Retrieved August 8, 2016.
- ^ News, Ecommerce. "Otto wants to buy e-commerce assets of 3SI". Ecommercenews.eu. Retrieved 2013-07-08.
- ^ "Information about Otto GmbH". Meingutscheinecode. 7 September 2016. Retrieved 2016-09-07.
- ^ http://www.theolympian.com/2011/12/27/1926895/german-industry-mogul-werner-otto.html[permanent dead link]
- ^ 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. |
| hide Authority control  | |
|---|---|
| General | |
| Other | |
Coordinates: 53°36′3.17″N 10°4′21.12″E / 53.6008806°N 10.0725333°E
 | This German corporation or company article is a stub. You can help Wikipedia by . |
 | This Hamburg-related article is a stub. You can help Wikipedia by . |
- Companies based in Hamburg
- Retail companies established in 1949
- Mail-order retailers
- German brands
- Online retailers of Germany
- Otto family
- German companies established in 1949
- German company stubs
- Hamburg stubs