Your contact persons at the Otto Group
Your contact persons at the Otto Group
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.
Entrepreneur Benjamin Otto has decided to take on an active role for the Otto Group as Managing Partner. With effect from 1 June 2015, the 39-year-old will hand over his tasks as CEO of Collins, the successful Otto Group startup, to joint Managing Director Tarek Müller, and help manage the ongoing transformation process for the international retail and services group from within various supervisory bodies and group companies.
Dr Michael Otto, the Otto Group’s majority shareholder and Chairman of its Supervisory Board, has transferred his shares in the Otto Group to a foundation. This secures the future of the international retail and services group as a family-owned business with its head office in Hamburg.
Premilinary figures of the Otto Group for financial year 2014/15: Overall revenues rise by 0.5 per cent to 12.057 billion euros +++ Double-digit growth in the Services segment +++ E-commerce revenues increase to just under 6.5 billion euros +++ Substantial investment in IT, logistics and new business models
Otto Group, the international retail group, was able to increase its order quantities for sustainable cotton last year by 50 per cent. Over 10 million articles were marketed within the “Cotton made in Africa” initiative alone.
In the coming financial year 2015/2016, the Otto Group plans a high double-digit million investment in the venture capital business. With this move, the international retail and services group will build on its position as one of the largest and most successful venture capital providers in Germany.
In line with its goals, 3SI Group subsidiary and e-commerce order-picking specialist Dispeo is pursuing its growth drive by taking Univers-Running.com on board. In the long term, this collaboration is intended to support the growth curve of France's second-ranked online trail running and racing retailer. Set to launch on 1 March 2015, this partnership will cover the entire logistics chain, from goods reception to distribution and returns management.
Blue Yonder, a leading provider of Big Data analytics and Predictive Applications, today announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has committed $75 million to support the Company’s further growth and expansion.
Changes in the Otto Group Executive Board planned well in advance: Petra-Scharner-Wolff, Member of the Management Board for the single company OTTO, is set to become Executive Board Member for Finance for the retail and services group as of 1 October 2015. The current Executive Board Member for Finance, Jürgen Schulte-Laggenbeck, intends to accept a fresh career challenge outside the Otto Group. This decision is pending approval of the respective decision-making committees.
Hermes NexTec, specialist for international full-service e-commerce solutions, developed a new online shop concept for German adidas Group, global leader in the sporting goods industry. adidas specialty sports combines products of 9 different sports under one roof and has been launched in the 2nd quarter of 2014. Started in 15 European countries, a roll-out to further regions all over the world is planned.
A year after launching France's largest order picking centre for online retailers, Dispeo has announced that it has signed a major contract with a front-runner in Europe's e-commerce industry: showroomprive.com. This long-term collaboration constitutes a ringing endorsement of the 3SI Group strategy that is based on two key pillars: e-commerce and e-commerce services. This partnership will ultimately lead to the creation of around 400 jobs in Nord.