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News

Here you can find news from the Otto Group that have an international focus. On the homepages of the group companies you are able to find all of the reports concerning the companies.


 
  • August 6th, 2014 | Company
    Crate and Barrel Announces Leadership Change

    Today, leading home furnishings retailer Crate and Barrel announces a change in its top leadership. Following the recent resignation of CEO Sascha Bopp, the company’s COO and CFO Adrian Mitchell has assumed interim leadership of the company.

  • May 21st, 2014 | Company
    Otto Group raises profitability

    In the 2013/14 financial year now closed (as at 28 February) the Otto Group increased its turnover in line with planning to EUR 12 billion and achieved a clear improvement in earnings. EBIT improved by 1.5 per cent to reach EUR 392 million, with profit for the year rising by a strong 23 per cent to EUR 179 million. Thanks to numerous strategic initiatives and technology investments the internationally active group of companies continues to expand its position as the world’s second-largest online retailer.

  • March 26th, 2014 | Company
    Otto Group increases turnover to 12 billion euros

    Preliminary figures of the Otto Group for the 2013/14 financial year

  • March 18th, 2014 | Corporate Responsibility
    Otto Group and Aid by Trade Foundation enable 2,900 children in Zambia to attend school

    2,900 children will get a chance at education with the ceremonial opening of six schools in Zambia. The schools are the result of a social project to promote educational infrastructure in Zambia the Otto Group launched in cooperation with the Aid by Trade Foundation in July 2011.

  • March 6th, 2014 | Company
    E-commerce turnover: Otto Group clears 6 bn€ hurdle

    In the past financial year the Otto Group generated online turnover of over 6 billion euros worldwide according to initial forecasts, some 400 million more than in the previous year. Through its ‘Mobil First’ initiative the retail and services group intends to benefit from the growing trend towards smartphones and tablets and to generate half of its online traffic via these mobile terminals by 2016.

  • February 19th, 2014 | Company
    Dr. Timm Homann to leave the Otto Group

    Dr Timm Homann, Member of the Executive Board, Multichannel Retail Otto Group, is to leave the globally active retail and services group at his own wish to take up a new professional challenge.

  • December 12th, 2013 | Corporate Responsibility
    5,800 tonnes less CO2: Otto Group parcel distribution climate-friendlier than ever

    Christmastime is parceltime. Customers buying presents from Otto Group companies can order with a good environmental conscience: in the current financial year the Group’s logistics-services provider Hermes has once again reduced CO2 emissions per Otto Group delivery by some 1.6 per cent compared to the previous year − a total reduction of around 5,800 tonnes. The Group thus continues to make successful progress in CO2 emissions reduction, as this represents a notable reduction of 21.1 per cent compared to the 2011/12 financial year.

  • November 27th, 2013 | Company
    Change in the top management of Limango Group Turkey

    Ahmet Erten is appointed as new General Manager of Limango Turkey. Together with Umur Özkal, General Manager of OGLI, he is responsible for the activities of the Otto Group in Turkey. Gulfem Toygar, founder and the CEO of Limango Turkey, arabulvar and OGLI, decided to follow a different carrier opportunity.

  • November 21st, 2013 | Company
    New corporate structure of current 3SI group is taking shape

    After the board of directors of the 3SI group has accepted the offer of the Otto Group, to completely takeover the BtoC e-commerce and the service activities, a new organisation will take effect on 1st January 2014. Denis Terrien will become Chairman of the new 3SI Holding SAS. Paul Nijhof is announced as the CEO of the BtoC activities.

  • October 16th, 2013 | Company
    Axel Springer engages in Project A Ventures

    Axel Springer AG is engaging in Project A Ventures with 30 million euros. The company specializes in funding and establishing start-ups in the fields of internet, mobile and online advertising technologies. Project A Ventures was founded in January 2012 by its managing directors Florian Heinemann, Uwe Horstmann, Thies Sander and Christian Weiss in cooperation with the Otto Group. The Otto Group remains the leading investor with 50 million euros of committed capital.

 
 

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