News
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März 26th, 2021 | Company
New Witt Group leadership from 2022
Wolfgang Jess is to retire and will step down as CEO of the Witt Group with effect from 31 December 2021. Patrick Boos, currently CEO of the Baur Group, also an Otto Group company, will become the new Chairman of the Executive Board of this Otto Group focus company from 01 January 2022. His successor as Baur Group CEO will be announced at a later date.
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März 23rd, 2021 | Company
Beatrice Grünwald to become second Managing Director at Sheego
With effect from 01 April 2021, Beatrice Grünwald will become the second Managing Director of the digital fashion company Sheego, alongside Dr Torge Doser. The highly experienced fashion manager will hold responsibility for the Purchasing/Product Board Area. Dr Torge Doser is to be appointed Chairman of the Management Board.
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März 15th, 2021 | Company
InPost to acquire Mondial Relay
The internationally active parcel service provider InPost S.A. intends to acquire 100 percent of the shares in Mondial Relay. As the previous owner of Mondial Relay, the Otto Group sees the new constellation as an outstanding opportunity to provide the French parcel logistics company with excellent prospects for sustainable and continued business success.
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Februar 25th, 2021 | Company
Kevin Kufs to become Hermes Fulfilment CEO
As of 01 April 2021 Kevin Kufs will become CEO of Hermes Fulfilment GmbH, Hamburg. Kufs succeeds Georg Rau, who after almost seven successful years has decided to take on a new professional challenge at another company.
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Januar 27th, 2021 | Company
Otto Group with convincing growth in e-commerce
Initial forecasts indicate that the Otto Group will close the 2020/21 financial year, ending 28 February 2021, with online revenues of about 10 billion euros worldwide, compared with around 8.1 billion euros in 2019/20. In German e-commerce, the retail and services group is expected to generate revenues of around 6.9 billion euros, up on the 5.7 billion euros in the same period last year.
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Januar 4th, 2021 | Company
Otto Group sells Hansecontrol to Qima
Effective December 31, 2020, the Otto Group has sold the Group's own Quality Assurance and Product Safety service provider, the Hansecontrol Group headquartered in Hamburg, to Qima, a leading global provider of supply-chain compliance solutions, headquartered in Hong Kong.
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Januar 4th, 2021 | Company
Digitize the energy sector: cooperation between powercloud and collectAI
powercloud, the leading platform provider for energy suppliers, and the fintech company, collectAI, are launching a cooperation. By doing so, they are combining their expertise and offering new added value to energy suppliers. The goal of the cooperation is to digitize energy supplier processes in their entirety – end to end.
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Dezember 9th, 2020 | Company
Otto Group brings strategy expert Dr Christoph Schulte on board
With effect from 1 March 2021, Hamburg-based international trading and services enterprise Otto Group will be strengthened by the appointment of Dr Christoph Schulte. As Group Vice President Corporate Strategy and Development, he will be reporting to Alexander Birken, Chairman of the Executive Board and Chief Executive Officer of the Otto Group. The recognised strategy expert boasts a wealth of experience in international on- and offline retailing.
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November 27th, 2020 | Company
Changes on the Hermes Fulfilment Executive Board
Kevin Kufs and Eva Witte will strengthen the Executive Board of Hermes Fulfilment GmbH, Hamburg at the beginning of 2021, alongside CEO Dr Georg Rau. Former COO Andreas Stumpf is to leave the company on 31 December 2020 at his own request to take up a new professional challenge at another retail company.
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November 10th, 2020 | Company
Otto Group well prepared for Christmas business
Undeterred by the corona pandemic and the recent lockdown, Otto Group companies are well positioned to cope with the very high number of online orders expected in the run up to Christmas. Given the current situation, Group companies are not anticipating any major bottlenecks in product availability nor do they envisage any delivery problems. Nevertheless, early orders are advisable as is the case every year.
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Oktober 1st, 2020 | Company
Half-time summary for the Otto Group: online retail boom
During the pandemic, a fundamental change in consumer behaviour is triggering clear shifts in assortments and shopping channels. In the first half of the Otto Group’s 2020/21 financial year, online retail saw a strong rise in revenues – especially in the Living and Consumer Electronics segments.
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September 3rd, 2020 | Company
Otto Group strengthens its digital expertise with Sebastian Walter
As of 01 October 2020 Sebastian Walter will hold responsibility for the newly created Digital and Consulting Division as Vice President. In this position he will report directly to Sebastian Klauke, Otto Group Executive Board Member E-Commerce, Technology, Business Intelligence and Corporate Ventures.
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September 3rd, 2020 | Company
Otto Group plans closure of Hamburg returns-processing facility
After analysing all possible alternatives, planning for the closure in the mid-term of the last returns-processing facility in Germany operated by the Group company Hermes Fulfilment in Hamburg has begun. This inner-city facility is to be closed down in the second half of 2021, to give the 840 mainly part-time employees sufficient time for occupational reorientation.
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August 12th, 2020 | Company
Otto Group sells Otto Japan
With effect from 31 July 2020, the Otto Group has sold the Group company Otto Japan in a so-called management buy-out to the company Legego Inc. of the current CEO Seiki Maenosono. The Otto Group will remain active in Japan through the joint venture with the US outdoor specialist Eddie Bauer, Eddie Bauer Japan, which has existed for almost thirty years.
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August 10th, 2020 | Company
Otto Group and Advent announce partnership for Hermes
One of the largest and most experienced private equity investors Advent International (“Advent”) is taking a 25 percent shareholding in Hermes Germany and 75 percent in Hermes UK. This step opens up new opportunities for the Otto Group's parcel logistics companies to expand their current leading position in the two most important delivery markets in Europe.
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Juli 7th, 2020 | Company
Janet Hayes named new CEO of Crate & Barrel Holdings, Inc.
Janet Hayes will be joining Crate & Barrel Holdings, Inc. on August 1st as its new CEO. A seasoned executive with over 25 years of retail experience, Hayes brings an outstanding track record of developing and repositioning brands with deep expertise in the home category. Between 2013 and 2019 she was President of the Williams-Sonoma brand where she led the successful turnaround of the San Francisco-based business.
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Juli 1st, 2020 | Company
Neela Montgomery leaves Crate and Barrel
After six successful years at the Otto Group - first as member of the Executive Board of the Otto Group responsible for Retail and later as CEO of Crate and Barrel - Neela has decided to leave the company on August 1st to pursue new opportunities. Neela informed the board of her decision late last year and the name of her successor will be announced shortly.
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Juni 10th, 2020 | Company
Leadership change at Mytoys Group
Effective from 15 June 2020, the Mytoys Group, an Otto Group company, will be led by Martin Schierer as CEO and Tobias Nieber as CFO. The long-serving Managing Directors of the successful Berlin-based e-commerce provider, Dr Oliver Lederle, Florian Forstmann (both also founders) and Alexander Lederle, will leave the company at their own wish.
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Juni 10th, 2020 | Company
ABOUT YOU extends its online presence to four new markets
As fastest growing fashion online shop,ABOUT YOU continues its successful international expansion and is now present in 14 European countries. In May and June, ABOUT YOU went online in four new markets: Slovenia, Estonia, Latvia and Lithuania as an extension to Germany, Austria, Switzerland, Netherlands, Belgium, Poland, the Czech Republic, Slovakia, Hungary and Romania.
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Mai 27th, 2020 | Company
Otto Group looks back on a successful financial year
In the past 2019/20 financial year the Otto Group exceeded its own revenue and earnings targets and thus secured a good basis from which to tackle the current challenging business environment. The internationally active retail and services group sees further growth opportunities in the current financial year but has lowered its earnings targets.
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März 26th, 2021 | Company
New Witt Group leadership from 2022
Wolfgang Jess is to retire and will step down as CEO of the Witt Group with effect from 31 December 2021. Patrick Boos, currently CEO of the Baur Group, also an Otto Group company, will become the new Chairman of the Executive Board of this Otto Group focus company from 01 January 2022. His successor as Baur Group CEO will be announced at a later date.
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März 23rd, 2021 | Company
Beatrice Grünwald to become second Managing Director at Sheego
With effect from 01 April 2021, Beatrice Grünwald will become the second Managing Director of the digital fashion company Sheego, alongside Dr Torge Doser. The highly experienced fashion manager will hold responsibility for the Purchasing/Product Board Area. Dr Torge Doser is to be appointed Chairman of the Management Board.
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März 15th, 2021 | Company
InPost to acquire Mondial Relay
The internationally active parcel service provider InPost S.A. intends to acquire 100 percent of the shares in Mondial Relay. As the previous owner of Mondial Relay, the Otto Group sees the new constellation as an outstanding opportunity to provide the French parcel logistics company with excellent prospects for sustainable and continued business success.
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Februar 25th, 2021 | Company
Kevin Kufs to become Hermes Fulfilment CEO
As of 01 April 2021 Kevin Kufs will become CEO of Hermes Fulfilment GmbH, Hamburg. Kufs succeeds Georg Rau, who after almost seven successful years has decided to take on a new professional challenge at another company.
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Januar 27th, 2021 | Company
Otto Group with convincing growth in e-commerce
Initial forecasts indicate that the Otto Group will close the 2020/21 financial year, ending 28 February 2021, with online revenues of about 10 billion euros worldwide, compared with around 8.1 billion euros in 2019/20. In German e-commerce, the retail and services group is expected to generate revenues of around 6.9 billion euros, up on the 5.7 billion euros in the same period last year.
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Januar 4th, 2021 | Company
Otto Group sells Hansecontrol to Qima
Effective December 31, 2020, the Otto Group has sold the Group's own Quality Assurance and Product Safety service provider, the Hansecontrol Group headquartered in Hamburg, to Qima, a leading global provider of supply-chain compliance solutions, headquartered in Hong Kong.
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Dezember 9th, 2020 | Company
Otto Group brings strategy expert Dr Christoph Schulte on board
With effect from 1 March 2021, Hamburg-based international trading and services enterprise Otto Group will be strengthened by the appointment of Dr Christoph Schulte. As Group Vice President Corporate Strategy and Development, he will be reporting to Alexander Birken, Chairman of the Executive Board and Chief Executive Officer of the Otto Group. The recognised strategy expert boasts a wealth of experience in international on- and offline retailing.
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November 27th, 2020 | Company
Changes on the Hermes Fulfilment Executive Board
Kevin Kufs and Eva Witte will strengthen the Executive Board of Hermes Fulfilment GmbH, Hamburg at the beginning of 2021, alongside CEO Dr Georg Rau. Former COO Andreas Stumpf is to leave the company on 31 December 2020 at his own request to take up a new professional challenge at another retail company.
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November 10th, 2020 | Company
Otto Group well prepared for Christmas business
Undeterred by the corona pandemic and the recent lockdown, Otto Group companies are well positioned to cope with the very high number of online orders expected in the run up to Christmas. Given the current situation, Group companies are not anticipating any major bottlenecks in product availability nor do they envisage any delivery problems. Nevertheless, early orders are advisable as is the case every year.
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Oktober 1st, 2020 | Company
Half-time summary for the Otto Group: online retail boom
During the pandemic, a fundamental change in consumer behaviour is triggering clear shifts in assortments and shopping channels. In the first half of the Otto Group’s 2020/21 financial year, online retail saw a strong rise in revenues – especially in the Living and Consumer Electronics segments.
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September 3rd, 2020 | Company
Otto Group strengthens its digital expertise with Sebastian Walter
As of 01 October 2020 Sebastian Walter will hold responsibility for the newly created Digital and Consulting Division as Vice President. In this position he will report directly to Sebastian Klauke, Otto Group Executive Board Member E-Commerce, Technology, Business Intelligence and Corporate Ventures.
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September 3rd, 2020 | Company
Otto Group plans closure of Hamburg returns-processing facility
After analysing all possible alternatives, planning for the closure in the mid-term of the last returns-processing facility in Germany operated by the Group company Hermes Fulfilment in Hamburg has begun. This inner-city facility is to be closed down in the second half of 2021, to give the 840 mainly part-time employees sufficient time for occupational reorientation.
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August 12th, 2020 | Company
Otto Group sells Otto Japan
With effect from 31 July 2020, the Otto Group has sold the Group company Otto Japan in a so-called management buy-out to the company Legego Inc. of the current CEO Seiki Maenosono. The Otto Group will remain active in Japan through the joint venture with the US outdoor specialist Eddie Bauer, Eddie Bauer Japan, which has existed for almost thirty years.
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August 10th, 2020 | Company
Otto Group and Advent announce partnership for Hermes
One of the largest and most experienced private equity investors Advent International (“Advent”) is taking a 25 percent shareholding in Hermes Germany and 75 percent in Hermes UK. This step opens up new opportunities for the Otto Group's parcel logistics companies to expand their current leading position in the two most important delivery markets in Europe.
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Juni 10th, 2020 | Company
Leadership change at Mytoys Group
Effective from 15 June 2020, the Mytoys Group, an Otto Group company, will be led by Martin Schierer as CEO and Tobias Nieber as CFO. The long-serving Managing Directors of the successful Berlin-based e-commerce provider, Dr Oliver Lederle, Florian Forstmann (both also founders) and Alexander Lederle, will leave the company at their own wish.
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Mai 27th, 2020 | Company
Otto Group looks back on a successful financial year
In the past 2019/20 financial year the Otto Group exceeded its own revenue and earnings targets and thus secured a good basis from which to tackle the current challenging business environment. The internationally active retail and services group sees further growth opportunities in the current financial year but has lowered its earnings targets.
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Februar 18th, 2020 | Company
Tobias Wollermann to head Corporate Responsibility at the Otto Group
As of 01 March 2020 Dr Tobias Wollermann will lead the Vice Presidential Division Corporate Responsibility Otto Group. The long-serving Group Vice President Dr Johannes Merck is to take up an advisory role within the retail and services company at his own wish.
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Februar 18th, 2020 | Company
Otto Group commits to be carbon-neutral by 2030
Through specific measures to avoid and reduce CO2 emissions in its core business processes, the retail and services company Otto Group wants to become carbon-neutral by 2030. The Executive Board has set this target for the Group’s own sites, transportation and employee mobility as well as its external computing centres and cloud services. The Otto Group considers carbon offsetting as a necessary but last-choice measure in achieving the goal.
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Februar 10th, 2020 | Company
Otto Group focus companies report very satisfactory e-commerce growth
According to preliminary forecasts the Otto Group will close the 2019/2020 financial year ending 29 February 2020 with global online revenues of around 8.1 billion euros, compared to 7.7 billion euros for the 2018/2019 financial year. In the German e-commerce market, the retail and services group generated revenues of approximately 5.6 billion euros, versus 5.3 billion euros in the previous year.
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Dezember 23rd, 2019 | Company
Otto Group gains Sergio Bucher as Executive Board Member, Brands and Retail
The internationally renowned top manager Sergio Bucher is to be appointed as a new Member of the Executive Board of the retail and services company Otto Group with effect from 01 February 2020, with responsibility for Brands and Retail.
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Juli 16th, 2019 | Company
EOS Group once again increases revenue and profit
> New highs in revenue and EBITDA > Strong investment in debt purchases: another step towards becoming a global financial investor > “We will greatly expand our real estate-secured business, besides unsecured debt purchasing.”
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September 24th, 2018 | Company
Payment practices 2018: Experts confirm positive trend for Europe
Europe in the mood to spend. In June, the GfK Consumer Climate for the 28 EU member states reached 23.2 points, its highest level since the beginning of the financial crisis in 2007. Europeans are getting tired of saving and are spending more on consumption. Greater liquidity also means that companies are likely to benefit from improved payment practices.
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Oktober 26th, 2017 | Company
Project A invests in 3i portfolio company Lampenwelt
Berlin-based operational VC Project A today announces its agreement with London-based private equity group 3i to invest in Lampenwelt, Europe's leading online retailer for lighting fixtures.
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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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Legally required notifications of insider events are published here.
Legally required publications of directors’ dealings are reported here.
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März 26th, 2020
Christl Otto, 26 March 2020
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Juni 25th, 2019
Benjamin Otto, 25 June 2019
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Juni 24th, 2019
Benjamin Otto, 21 June 2019
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Juni 20th, 2019
Benjamin Otto, 19 June 2019
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Juni 19th, 2019
Benjamin Otto, 18 June 2019
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Juni 18th, 2019
Benjamin Otto, 14 June 2019
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Juni 17th, 2019
Benjamin Otto, 13 June 2019
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Juni 14th, 2019
Benjamin Otto, 13 June 2019
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Juni 11th, 2019
Benjamin Otto, 07 June 2019
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Juni 5th, 2019
Benjamin Otto, 03 June 2019
