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October 09, 2015 5:49 AM 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


Founded in 1949

54,037 Employees


49 40 64610


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
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

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.

Otto Announces Executive Changes

Otto appointed Petra Scharner-Wolff as CFO with effect from October 1, 2015. Prior to her appointment as chief financial officer, Scharner-Wolff was responsible for human resources as well as the controlling and IT divisions of the group. Current CFO Juergen Schulte-Laggenbeck will resign from the position after the expiry of his contract at the end of September 2015. In 2016, Otto will also have to find successors to most of the seven management board members as the contracts of CEO Hans-Otto Schrader and his deputy Rainer Hillebrand are also set to expire.

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