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The activities of the Otto Group's business include e-commerce, over-the-counter retail, and catalogue sales channels. In the 2023 financial year, the Otto Group generated revenue of €16.2 billion, of which around €12 billion was generated online, making the Otto Group one of the largest online retailers in the world.
Mail order company 'Otto Versand' On 17 August 1949, Otto founded the mail order company 'Otto Versand' ( Otto GmbH & Co KG) in Hamburg. [5] The first catalog had 14 pages, was hand-bound and included only shoes.
51′982 (2019/2020) [1] Subsidiaries. Crate & Barrel, bonprix, About You, 3 Suisses. Website. www .ottogroup .com /en /index .php. Otto GmbH & Co KG ( doing business as Otto Group, stylized as otto group, formerly Otto Versand) is a German mail order company and one of the world's biggest e-commerce companies.
By the 1990s Grattan was the UK's fourth largest catalogue company with 13% of the mail order market. [5] In 1991 Grattan was purchased by Otto Versand for 165 million pounds. [2] In 2000 its administrative department was merged with Freemans, under the banner of Otto UK.
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About You SE & Co. KG (stylized as ABOUT YOU) is a German fashion online retailer based in Hamburg. Founded in 2014 as a subsidiary of Otto Group, in 2018 its status changed to that of a portfolio company due to a shift in the shareholder balance. Besides Germany, the retailer is active in 24 European countries.
Website. https://www.witt-gruppe.eu/. Josef Witt GmbH (Witt-Gruppe) is a mail-order house, located in Weiden, Germany. The company is a 100% subsidiary of the Otto Group. Witt-Gruppe's oldest and best known brand is Witt Weiden .
Alexander Otto (born 7 July 1967) is a German billionaire businessman. As of November 2021, his net worth was estimated at US$12.2 billion. As of November 2021, his net worth was estimated at US$12.2 billion.