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February 06, 2016 6:31 PM ET

Internet and Catalog Retail

Company Overview of Otto (GmbH & Co KG)

Company Overview

Otto (GmbH & Co KG), together with its subsidiaries, operates as a retailing and services company in Europe, North and South America, and Asia. The company operates through three segments: Multichannel Retail, Financial Services, and Services. The Multichannel Retail segment offers fashion and footwear products, lifestyle accessories, furniture, interior décor items, and toys, as well as technology, sport, and leisure products through e-commerce, catalogues, and over-the-counter retail. This segment operates approximately 400 stores, including Sportscheck, Frankonia, and bonprix stores, as well as Crate & Barrel store. The Financial Services segment provides consumer credit, liquidity manage...

Werner-Otto-Strasse 1-7

Hamburg,  22179

Germany

Founded in 1949

54,037 Employees

Phone:

49 40 64610

Fax:

49 40 64618571

Key Executives for Otto (GmbH & Co KG)

Chairman of The Executive Board and Chief Executive Officer
Age: 59
Chief Financial Officer and Member of The Executive Board
Age: 44
Chief Executive Officer of Suisses International S A
Chief Executive Officer of Otto Group Russia
Head of Mergers & Acquisitions and General Counsel
Compensation as of Fiscal Year 2015.

Otto (GmbH & Co KG) Key Developments

JD.com, Inc. and Otto Group Establish Joint Venture to Provide B2C E-Commerce Services

JD.com, Inc. and Otto Group announced the establishment of a joint venture (JV) to provide B2C ecommerce services for international brands on the JD.com platform. Based in Germany, the new JV, Zitra, will serve as an accelerator for international brands looking to expand their sales on JD.com’s e-commerce marketplace by providing services including third party operation, marketing strategies, IT system handling, logistics and post-sale services.

Otto Reportedly Seeks Partner For Yapital

Otto (GmbH & Co KG) is reportedly further looking for a partner for Yapital Financial AG. Otto is casting about for financially strong allies to help it expand Yapital.

Otto Group Reportedly Buys €650 Million German NPL pool

Otto (GmbH & Co KG) has emerged as the buyer of a non-performing loan portfolio secured by German real estate assets with a face value of €650 million, PropertyEU has learned.

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