News
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September 13th, 2017 | Company
SevenVentures invests in the Mytoys Group
SevenVentures, the financial investment arm of the ProSiebenSat.1 Media Group, has taken a stake in the form of a media-for-equity investment in the Mytoys Group, part of the Otto Group, Europe’s No. 1 online retailer for family shopping. With overall revenues of EUR 556 million in the 2016/17 financial year, the Mytoys Group is one of Germany’s most successful e-commerce companies. The media-for-equity investment secures SevenVentures GmbH a low single-digit percentage stake.
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August 2nd, 2017 | Company
German Partnership for Sustainable Textiles: Otto Group publishes Roadmap
As a member of the German Partnership for Sustainable Textiles initiated by the German Federal Government, the Otto Group has drawn up its own roadmap with individual targets for 2017. Following approval by external auditors, the international retail and services group has voluntarily published its own action plan, and has requested all Partnership members to secure the effectiveness and future viability of the Partnership.
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Juni 13th, 2017 | Company
CPI2 and SAC Announce Partnership: Digitalisation Helping Factories to Help Themselves Worldwide
The industry initiative CPI2, launched by the Otto Group in 2012, has established a partnership with the world’s most important platform for the sustainable management of textile supply chains, the Sustainable Apparel Coalition (SAC). The common goal is to create synergies and minimise the negative social and environmental impact in global supply chains. Both initiatives provide know-how via digital channels, which manufacturers can use to improve their production processes independently and effectively.
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Juni 2nd, 2017 | Company
Otto Group issues 300 million-euro bond
Otto Group, the globally active retail and services group, has successfully placed a bond issue totalling 300 million euros with a coupon of 1.875 per cent. The bond has a term of seven years.
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Mai 17th, 2017 | Company
Otto Group on strong growth track
The Otto Group, the international retail and services group, achieved a clear rise in profitability in the 2016/17 financial year now closed and raised revenue by 3.4 per cent to 12.5 billion euros. This is the equivalent of 5 per cent turnover growth on a like-for-like basis. On this basis, to drive the Group further on this strong growth track, the Executive Board has a focused strategy and an ambitious target: 17 billion euros annual turnover by 2022 on a like-for-like basis.
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Mai 4th, 2017 | Company
Changes on the Otto Group Executive Board
Neela Montgomery, Otto Group Executive Board Member for Multichannel Retail, takes over as her own decision and effective August 1, 2017 as CEO of the Group’s US-company Crate and Barrel, Northbrook, Illinois. Hanjo Schneider, Otto Group Executive Board Member for Services, will leave the Executive Board of the international retail and services group as planned at the end of the year. Both vacancies will be filled in due course.
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April 25th, 2017 | Corporate Responsibility
Otto Group expands range of sustainable furniture and intensifies use of FSC®-certified paper
The proportion of FSC-certified products in the overall Otto Group furniture range rose to 46 per cent in 2016. The proportion of FSC-certified paper also rose to 34 per cent, with more sustainable paper being used for catalogues and other advertising materials than in previous years.
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April 5th, 2017 | Company
Dr Michael Otto receives German CSR Award 2017
Dr Michael Otto, entrepreneur and Chairman of the Otto Group Supervisory Board, has received the highly renowned ‘German CSR Award for outstanding CSR Engagement’ for his commitment to sustainable business. The award ceremony was held on 04 April as part of the 13th German CSR Forum in Ludwigsburg.
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April 3rd, 2017 | Company
Otto Group sells Ratepay to Advent International and Bain Capital Private Equity
The Otto Group has signed an agreement with Advent International (“Advent”) and Bain Capital Private Equity (“Bain Capital”) to sell Ratepay GmbH for an undisclosed sum. It is planned that Ratepay will be integrated with Concardis, the Eschborn-based payment service provider acquired by Advent and Bain Capital in January 2017. The closing of the acquisition of Concardis is still pending. Ratepay will retain its brand and will be managed as an independent company within the Concardis Group.
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März 28th, 2017 | Company
Otto Group – growth beats plan, profitability improves
Otto Group, the international retail and services group, increased revenues for the 2016/17 financial year now closed by 5 per cent on a comparable basis, according to preliminary figures. Online revenues rose to almost EUR 7 billion, representing an increase of just under 10 per cent.
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März 21st, 2017 | Company
Otto Group significantly increases order quantity for sustainable cotton and saves 33 billion litres of water
In 2016, the Otto Group increased its share of sustainable cotton to 49 percent, thus achieving another success with its ambitious sustainability strategy. Through the use of the certified sustainable cotton with the “Cotton made in Africa” (CmiA) label, more than 33 billion litres of water were saved. With its long-term textile strategy, the international retail and services group also contributes to the UN Agenda 2030 for Sustainable Development with its 17 Sustainable Development Goals (SDGs). Customers who buy articles from the Otto Group with the CmiA label thus actively contribute, among other things, to saving the precious resource of water, combatting poverty and improving the future viability of millions of people in Africa.
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Februar 21st, 2017 | Company
Forecast 2016/17: Otto Group’s global e-commerce revenues climb by € 615 million to almost € 7 billion
In the current 2016/17 financial year (to 28.02) the Otto Group, the internationally active retail and services group, will raise its e-commerce revenues to almost € 7 billion (according to preliminary estimates). This represents revenue growth in its existing business of almost 10% or € 615 million. The Group’s online business in Germany generated almost € 5 billion, also seeing growth of almost 10%.
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Februar 9th, 2017 | Company
Sebastian Klauke to become Chief Digital Officer at the Otto Group
Sebastian Klauke is to strengthen the Otto Group, the globally active retail and services group. A proven digitalisation expert, Klauke will hold the newly created position of Chief Digital Officer (CDO) as of 01 July 2017.
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Dezember 20th, 2016 | Company
Change in the Management of the EOS Group
Marwin Ramcke joins the EOS Group’s Board of Directors effective 1 January 2017 and will assume responsibility for the Eastern Europe region, where EOS is represented in 14 countries. Mr Ramcke succeeds Dr Helmut Hufnagel, who has headed the Division since 2015.
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Dezember 6th, 2016 | Company
Otto Group announces partial repurchase of bond (ISIN AT0000A0UJL6)
The Otto Group announces that, starting as of today, it will start purchasing part of its 150 million euro bond (Coupon: 4.625%, Maturity: 29 September 2017, ISIN: AT0000A0UJL6) up to a maximum repurchase amount of 30 million euros in the open market. The open market repurchases will end at the latest at the time of maturity of the bond on 29 September 2017.
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September 23rd, 2016 | Company
Otto Group founds Otto Group Digital Solutions
In founding Otto Group Digital Solutions (OGDS) the Otto Group’s objectives are to identify and develop attractive new business models in the retail-related service sector and establish these in the market. Responsibility for the Group’s major digital service companies will be held under the OGDS umbrella from now on.
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September 14th, 2016 | Company
Damartex Group and 3SI Group are engaged in talks for the acquisition of 3 Pagen
The Damartex Group and the 3SI Group announced that they have begun exclusive negotiations in view to the acquisition by the Damartex Group of 100% of the 3 Pagen’ shares. Negotiations are expected to conclude shortly, with a definitive agreement signed by the end of September 2016.
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September 6th, 2016 | Company
e.ventures announces Arnulf Keese as General Partner in European Office
e.ventures, a leading global venture capital firm for almost two decades, today announced the appointment of Arnulf Keese as General Partner in its Berlin office, the firm’s European hub. Keese joins European partners, Andreas Haug, Christian Leybold, and Bernardo Hernandez, in addition to North American partners Mathias Schilling and Tom Gieselmann. As e.ventures continues to add subject matter expertise to its investment team, e.ventures’ core commitment to hiring the best and brightest is reinforced, thereby ensuring the firm's longevity and success.
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August 15th, 2016 | Company
EOS Consolidated impresses with outstanding result
EOS Consolidated, which is headquartered in Hamburg, recorded a successful performance in fiscal 2015/16. Its EBT of EUR 181.4 million was well above the previous year’s result. The international debt collection company was also able to increase its sales to EUR 596.1 million.
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Juli 21st, 2016 | Company
Otto Group pitches short-term bond to institutional investors
Owing to the current interest rate environment, where many banks are demanding penalty interest rates on their customers’ cash deposits, the Otto Group is offering institutional investors a safe haven for their liquidity with no loss of value. The global retail and services group has issued a 50 million euro bond with a three-month term and an annual interest rate of 0.14 percent.
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September 13th, 2017 | Company
SevenVentures invests in the Mytoys Group
SevenVentures, the financial investment arm of the ProSiebenSat.1 Media Group, has taken a stake in the form of a media-for-equity investment in the Mytoys Group, part of the Otto Group, Europe’s No. 1 online retailer for family shopping. With overall revenues of EUR 556 million in the 2016/17 financial year, the Mytoys Group is one of Germany’s most successful e-commerce companies. The media-for-equity investment secures SevenVentures GmbH a low single-digit percentage stake.
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August 2nd, 2017 | Company
German Partnership for Sustainable Textiles: Otto Group publishes Roadmap
As a member of the German Partnership for Sustainable Textiles initiated by the German Federal Government, the Otto Group has drawn up its own roadmap with individual targets for 2017. Following approval by external auditors, the international retail and services group has voluntarily published its own action plan, and has requested all Partnership members to secure the effectiveness and future viability of the Partnership.
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Juni 13th, 2017 | Company
CPI2 and SAC Announce Partnership: Digitalisation Helping Factories to Help Themselves Worldwide
The industry initiative CPI2, launched by the Otto Group in 2012, has established a partnership with the world’s most important platform for the sustainable management of textile supply chains, the Sustainable Apparel Coalition (SAC). The common goal is to create synergies and minimise the negative social and environmental impact in global supply chains. Both initiatives provide know-how via digital channels, which manufacturers can use to improve their production processes independently and effectively.
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Juni 2nd, 2017 | Company
Otto Group issues 300 million-euro bond
Otto Group, the globally active retail and services group, has successfully placed a bond issue totalling 300 million euros with a coupon of 1.875 per cent. The bond has a term of seven years.
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Mai 17th, 2017 | Company
Otto Group on strong growth track
The Otto Group, the international retail and services group, achieved a clear rise in profitability in the 2016/17 financial year now closed and raised revenue by 3.4 per cent to 12.5 billion euros. This is the equivalent of 5 per cent turnover growth on a like-for-like basis. On this basis, to drive the Group further on this strong growth track, the Executive Board has a focused strategy and an ambitious target: 17 billion euros annual turnover by 2022 on a like-for-like basis.
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Mai 4th, 2017 | Company
Changes on the Otto Group Executive Board
Neela Montgomery, Otto Group Executive Board Member for Multichannel Retail, takes over as her own decision and effective August 1, 2017 as CEO of the Group’s US-company Crate and Barrel, Northbrook, Illinois. Hanjo Schneider, Otto Group Executive Board Member for Services, will leave the Executive Board of the international retail and services group as planned at the end of the year. Both vacancies will be filled in due course.
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April 25th, 2017 | Corporate Responsibility
Otto Group expands range of sustainable furniture and intensifies use of FSC®-certified paper
The proportion of FSC-certified products in the overall Otto Group furniture range rose to 46 per cent in 2016. The proportion of FSC-certified paper also rose to 34 per cent, with more sustainable paper being used for catalogues and other advertising materials than in previous years.
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April 5th, 2017 | Company
Dr Michael Otto receives German CSR Award 2017
Dr Michael Otto, entrepreneur and Chairman of the Otto Group Supervisory Board, has received the highly renowned ‘German CSR Award for outstanding CSR Engagement’ for his commitment to sustainable business. The award ceremony was held on 04 April as part of the 13th German CSR Forum in Ludwigsburg.
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April 3rd, 2017 | Company
Otto Group sells Ratepay to Advent International and Bain Capital Private Equity
The Otto Group has signed an agreement with Advent International (“Advent”) and Bain Capital Private Equity (“Bain Capital”) to sell Ratepay GmbH for an undisclosed sum. It is planned that Ratepay will be integrated with Concardis, the Eschborn-based payment service provider acquired by Advent and Bain Capital in January 2017. The closing of the acquisition of Concardis is still pending. Ratepay will retain its brand and will be managed as an independent company within the Concardis Group.
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März 28th, 2017 | Company
Otto Group – growth beats plan, profitability improves
Otto Group, the international retail and services group, increased revenues for the 2016/17 financial year now closed by 5 per cent on a comparable basis, according to preliminary figures. Online revenues rose to almost EUR 7 billion, representing an increase of just under 10 per cent.
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März 21st, 2017 | Company
Otto Group significantly increases order quantity for sustainable cotton and saves 33 billion litres of water
In 2016, the Otto Group increased its share of sustainable cotton to 49 percent, thus achieving another success with its ambitious sustainability strategy. Through the use of the certified sustainable cotton with the “Cotton made in Africa” (CmiA) label, more than 33 billion litres of water were saved. With its long-term textile strategy, the international retail and services group also contributes to the UN Agenda 2030 for Sustainable Development with its 17 Sustainable Development Goals (SDGs). Customers who buy articles from the Otto Group with the CmiA label thus actively contribute, among other things, to saving the precious resource of water, combatting poverty and improving the future viability of millions of people in Africa.
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Februar 21st, 2017 | Company
Forecast 2016/17: Otto Group’s global e-commerce revenues climb by € 615 million to almost € 7 billion
In the current 2016/17 financial year (to 28.02) the Otto Group, the internationally active retail and services group, will raise its e-commerce revenues to almost € 7 billion (according to preliminary estimates). This represents revenue growth in its existing business of almost 10% or € 615 million. The Group’s online business in Germany generated almost € 5 billion, also seeing growth of almost 10%.
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Februar 9th, 2017 | Company
Sebastian Klauke to become Chief Digital Officer at the Otto Group
Sebastian Klauke is to strengthen the Otto Group, the globally active retail and services group. A proven digitalisation expert, Klauke will hold the newly created position of Chief Digital Officer (CDO) as of 01 July 2017.
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Dezember 6th, 2016 | Company
Otto Group announces partial repurchase of bond (ISIN AT0000A0UJL6)
The Otto Group announces that, starting as of today, it will start purchasing part of its 150 million euro bond (Coupon: 4.625%, Maturity: 29 September 2017, ISIN: AT0000A0UJL6) up to a maximum repurchase amount of 30 million euros in the open market. The open market repurchases will end at the latest at the time of maturity of the bond on 29 September 2017.
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September 23rd, 2016 | Company
Otto Group founds Otto Group Digital Solutions
In founding Otto Group Digital Solutions (OGDS) the Otto Group’s objectives are to identify and develop attractive new business models in the retail-related service sector and establish these in the market. Responsibility for the Group’s major digital service companies will be held under the OGDS umbrella from now on.
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Juli 21st, 2016 | Company
Otto Group pitches short-term bond to institutional investors
Owing to the current interest rate environment, where many banks are demanding penalty interest rates on their customers’ cash deposits, the Otto Group is offering institutional investors a safe haven for their liquidity with no loss of value. The global retail and services group has issued a 50 million euro bond with a three-month term and an annual interest rate of 0.14 percent.
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Juni 29th, 2016 | Corporate Responsibility
Otto Group expands FSC®-certified furniture assortment
The share of sustainable products in terms of the Otto Group’s overall furniture assortment increased to 43% in 2015. As the largest online furniture retailer in the German-speaking region, the Group is a leader in this segment.
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Mai 25th, 2016 | Company
Otto Group: successful turnaround
In the 2015/16 financial year (as at 29 February 2016) the globally active retail and services company Otto Group, Hamburg, achieved the targeted turnaround in its major business areas. The strategic initiatives previously announced by Hans-Otto Schrader, Chairman of the Otto Group Executive Board and Chief Executive Officer (CEO) Otto Group, including the clear reinforcement of the Group’s core businesses, investments in digital transformation and new business models, the restructuring of some Group companies and the rationalisation of the company portfolio, were consistently and successfully implemented.
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Mai 17th, 2016 | Company
Alexander Birken named as Chairman of the Otto Group Executive Board
On 1 January 2017, Alexander Birken, Member of the Executive Board Otto Group, Multichannel Distance Selling, Spokesman OTTO, will take over as Chairman of the Executive Board at the international retail and services group. Long-serving CEO Hans-Otto Schrader is to step down at his own wish, having reached the age limit of 60 for Otto Group Executive Board Members.
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März 31st, 2016 | Company
Otto Group with a flying start into the new financial year
The retail and services company Otto Group, Hamburg, looks back on a successful 2015/16 financial year (to 29 February 2016), characterised by very satisfactory growth at the large core companies and a consistent reorganisation of the company portfolio.
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August 15th, 2016 | Company
EOS Consolidated impresses with outstanding result
EOS Consolidated, which is headquartered in Hamburg, recorded a successful performance in fiscal 2015/16. Its EBT of EUR 181.4 million was well above the previous year’s result. The international debt collection company was also able to increase its sales to EUR 596.1 million.
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Juli 5th, 2016 | Company
EOS acquires French/Belgian debt collection service provider Contentia
On 1 July 2016, the international EOS Group acquired 100% of the shares in debt collection service provider Contentia in France and Belgium. The EOS Group already has a successful debt collection company in each of the two countries.
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Juni 30th, 2016 | Company
3SI Group sells multichannel stock-clearance business Cogemag-Excédence
Following a private sale process, the 3SI Group today signed an agreement to sell its multichannel stock-clearance business, Cogemag-Excédence, to Artmadis, BtoB distributors and France’s leading tableware and cookware company.
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Juni 22nd, 2016 | Company
Generational change at the helm of EOS Group: Klaus Engberding to become CEO
Klaus Engberding, responsible for the region Germany on the EOS Group Board of Directors, will take over the CEO position of the international leading provider of receivables management effective 1 March 2017. Hans-Werner Scherer, the current long-time and extremely successful CEO, is leaving the Group of his own volition in order to retire.
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Juni 15th, 2016 | Company
Series A: Homeday Wins Project A and Paua Ventures as Investors
Cologne-based start-up Homeday announced the successful closing of their Series A financing round today. In May this year, the renowned venture capital companies Project A and Paua Ventures committed among others to investing a seven-figure amount in the rapidly growing company, which is active in the field of property technology (called “PropTech”) and has chosen to specialize in particular in the data-driven pairing of real estate agents with appropriate customers.
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Juni 14th, 2016 | Company
New executive management team at Bonprix
With Bonprix CEO Dr Marcus Ackermann’s move to the Otto Group Executive Board as of 01 January 2017, the international fashion company will have a reshaped executive management team. Bonprix’s own Markus Fuchshofen and OTTO’s Dr Richard Gottwald will join the current Executive Directors Rien Jansen and Dr Kai Heck on the Bonprix Executive Board.
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Juni 1st, 2016 | Company
Lost My Name: Project A Invests €4 Million alongside other partners
Early stage investor and operational VC Project A has announced an investment of 4 million euros in Lost My Name, one of the leading creators of personalized children’s content. With this extension of the Series A round, Project A joins the circle of renowned international investors, including lead investor Google Ventures, Greycroft and Allen & Co. Project A’s founding partner Florian Heinemann will also join the company’s board. Lost My Name’s first personalized children’s book “The Little Boy/Girl Who Lost His/Her Name” was one of the bestselling children’s book globally in 2015. With their second book, “The Incredible Intergalactic Journey Home”, they are well on their way to repeat this success.
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Mai 31st, 2016 | Company
3SI Group confirms the acquisition of Girard-Agediss and the sale of Becquet
Further to the approval of the French Competition Authority, 3SI Group has signed, on 30 May, the acquisition of Girard-Agediss, the French leader in the delivery of bulky items and furniture to professional customers, private individuals and internet users. Further to an open transfer process, 3SI Group has signed, on 31 May, the sale of Becquet to Domoti, a well-known distance seller headquartered in Marquette-lez-Lille.
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Mai 19th, 2016 | Company
E.ventures brings new capital to support full investment lifecycle
Today, e.ventures is announcing the closing of a new $150 million early stage fund to target Europe’s best businesses and entrepreneurs, bringing e.ventures’ total assets under management today to more than $1 billion. This new fund, focused on seed and Series A rounds, will be deployed alongside an already active $290 million global growth investment vehicle which targets subsequent financing rounds, allowing entrepreneurs to gain the full benefit of e.ventures’ expertise through the full investment lifecycle.
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April 20th, 2016 | Company
Outpacing the market: Hermes Group achieves double-digit growth in 2015
The Hermes Group, continuing years of successful growth, also records impressive figures in the 2015 fiscal year. The trade and logistics services provider based in Hamburg has increased its turnover by 11% to €2,460 million (€2,230 million in 2014). A key contributor to this was the fast-growing international parcel and logistics business, driven by the booming e-commerce.
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April 11th, 2016 | Company
Junomedical Launches Digital Medical Treatment Hub
Digital Health startup launches platform providing global access to high quality medical treatments.
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März 25th, 2016 | Company
The 3SI Group sells its retail activities
As part of its new strategic course to focus on growing service activities, the 3SI Group has decided to sell all of its retail activities in France, Belgium, Spain, Germany, Austria and the Czech Republic.
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März 7th, 2016 | Company
Hermes Subsidiary BorderGuru becomes Logistics Partner of Alibaba and Cainiao
BorderGuru, a wholly-owned subsidiary of the Hermes Group, has become the official contractual partner of China's Alibaba Group. With a gross merchandise value (GMV) of 452 bn USD and access to over 280 million customers, the Alibaba Group is currently the world's leading online retailer. Through its TMall Global shopping platform, Alibaba offers its Chinese customers popular international brands. On behalf of Cainiao, the logistics provider of the Chinese trading giant, BorderGuru GmbH is managing the whole logistics cross-border shipping process for European clients looking to sell on the booming Chinese market.
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Februar 15th, 2016 | Company
Camaïeu chooses Dispeo’s expertise for its multi-channel logistics
Order-picking logistics specialist Dispeo has just welcomed a new customer on board: Camaïeu. As part of a partnership due to begin in July 2016, France’s leading female clothing retailer will be availing itself of Dispeo’s services for its e-commerce activities and store flows management.
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Januar 27th, 2016 | Company
SportScheck: Chief Digital Officer joins the management board
Jan Kegelberg, who has taken over the newly created position of a Chief Digital Officer at SportScheck in Munich in August, joins the management board of the company on February 1, 2016. In this role, he will be responsible for e-commerce sales, marketing and customer intelligence.
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Januar 25th, 2016 | Employees
MYTOYS GROUP launches TechLab in Madrid
The Mytoys Group, one of Germany's most successful E-Commerce companies, will open its first technology location outside Germany. MYTOYS plans to open a TechLab in Madrid.
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Januar 11th, 2016 | Company
The 3SI Group invests over €15 million in its subsidiary Mondial Relay
To support the strong growth of its subsidiary's activities and to enable it to increase its market share in a rapidly expanding sector, the 3SI Group has introduced a plan to mechanise all of its Mondial Relay branches.
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Dezember 21st, 2015 | Company
Euler Hermes and EOS announce the sale of its joint venture Bürgel to CRIF
Euler Hermes, the worldwide leader in trade credit insurance, and EOS, the international provider of financial services, announce today an agreement signed on Friday, 18 December 2015 with CRIF, a global company providing credit information services, credit and software solutions, headquartered in Bologna, Italy - for the share purchase of Bürgel Group (Bürgel). 100% of the shares will be transferred to CRIF.
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Dezember 2nd, 2015 | Company
Everett Hutt takes over as CEO of the French 3SI Holding
The former Chief Financial Officer Everett Hutt (46) will take over as CEO of the 3SI Holding in December 2015. Denis Terrien (50), who has managed the transformation of 3SI Group since 2009, is leaving the company at his own wish and in best consent.
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Oktober 7th, 2015 | Company
Study confirms we can shop online with a clear conscience
As of today another broad-based misconception is laid to rest, that ‘online retail is more climate-damaging than over-the-counter (OTC) retail. Transporting goods from the online retailer to the end-customer is more efficient and causes less climate-destabilising emissions – even if we include returns, which are a major factor in the retail sector’s parcel distribution. This is the result of the latest study carried out by the Deutsches CleanTech Institut (DCTI) under the heading: ‘Climate friendly shopping – a comparative perspective of online retail and over-the-counter retail’, commissioned by the Otto Group and Hermes.
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