Otto Group

Founded in Germany in 1949, the Otto Group is now a worldwide-operating trade and services group with more than 53,000 employees on three continents. The Otto Group operates in 19 countries in Europe, North America and Asia with a total of 123 significant companies. Its activities cover four business segments: Multichannel Retail, Financial Services, Services and Wholesale.

Thanks to the resolute implementation of a number of innovative concepts and ideas, the Otto Group achieved record revenue of 15,251 million euros in 2006/07. With EBT for the year at 507 million euros, the Otto Group also posted the best result in its history. One particularly gratifying development was the revenue turnaround in the German market, where growth of 3.8 percent resulted in an overall revenue performance of 7,089 million euros.

The Otto Group is the world’s number two in B2C online trade, second only to Amazon. Over-the-counter retail trade constitutes the third pillar of the successful Multichannel distribution concept at Otto Group, along with mail-order sales and e-commerce.

Global corporate activities and a variety of strategic partnerships and joint ventures provide Otto Group with excellent opportunities to transfer know-how and to use the synergy potential available. National companies act within their own responsibility to a high degree, guaranteeing both flexibility and close customer relationships as well as optimum target group appeal in each country.

The Otto Group is supported by its subsidiary “Otto International”, a global sourcing organisation with 35 locations throughout the world. With extensive knowledge of the local markets and permanent contact with suppliers, they greatly assist all of their internal and external customers with the latest fashions and highquality products from a variety of fields – all at attractive conditions.