Otto Group news and archive

Bestseller invests in German fashion retailer About You

Heartland A/S, the investment company owned by Besteller A/S, has acquired a double-digit stake in the German e-commerce platform About You GmbH. The investment is part of a financing round of around 300 million US dollars (approximately 230 million pounds or 227 million euros). About You was founded in 2014 as a subsidiary of Otto Group, the...

Management

Otto Group posts annual turnover growth of 6.7 percent

The international retail and services group Otto said that it continues its growth track, increasing revenues in the past 2017/18 financial year to February 28 to 13.653 billion euros (16.079 billion dollars), an increase of 6.7 percent. The company also increased its EBIT by 11 percent to 405 million euros (477 million dollars). The group’s...

Management

Otto Group increases revenue and profit in 2016/17

The Otto Group saw rise in profitability and raised revenue by 3.4 percent to 12.5 billion euros (13.8 billion dollars) for the 2016/17 fiscal year. This, the company said, is the equivalent to 5 percent or 600 million euros (666 million dollars) turnover growth on a like-for-like basis. Given the positive results, the company said that it...

Business |INTERVIEW Featured

Maren Barthel, Otto Group: “CSR has changed immensely in the last 10-15 years“

The fashion industry is a versatile sector that, apart from glamour jobs like designer, model and creative head, requires a mulitude of unusual jobs outside the limelight. This article takes a look at production and supply chain management, which have been giving more and more importance to areas like sustainability and corporate social...

Report

JD.com and German Otto Group seal deal to bring more international labels to China

China's JD.com and the Otto Group, the largest online retailer for fashion and lifestyle in Europe and the second-largest online retailer in the world with end consumers, have announced a joint venture to provide B2C e-commerce services for international brands on the JD.com platform. Based in Germany, the new joint venture, Zitra, will serve as...