Your contact persons at the Otto Group
Your contact persons at the Otto Group
Here you can find news from the Otto Group that have an international focus. On the homepages of the group companies you are able to find all of the reports concerning the companies.
In the coming financial year 2015/2016, the Otto Group plans a high double-digit million investment in the venture capital business. With this move, the international retail and services group will build on its position as one of the largest and most successful venture capital providers in Germany.
In line with its goals, 3SI Group subsidiary and e-commerce order-picking specialist Dispeo is pursuing its growth drive by taking Univers-Running.com on board. In the long term, this collaboration is intended to support the growth curve of France's second-ranked online trail running and racing retailer. Set to launch on 1 March 2015, this partnership will cover the entire logistics chain, from goods reception to distribution and returns management.
Blue Yonder, a leading provider of Big Data analytics and Predictive Applications, today announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has committed $75 million to support the Company’s further growth and expansion.
Changes in the Otto Group Executive Board planned well in advance: Petra-Scharner-Wolff, Member of the Management Board for the single company OTTO, is set to become Executive Board Member for Finance for the retail and services group as of 1 October 2015. The current Executive Board Member for Finance, Jürgen Schulte-Laggenbeck, intends to accept a fresh career challenge outside the Otto Group. This decision is pending approval of the respective decision-making committees.
Hermes NexTec, specialist for international full-service e-commerce solutions, developed a new online shop concept for German adidas Group, global leader in the sporting goods industry. adidas specialty sports combines products of 9 different sports under one roof and has been launched in the 2nd quarter of 2014. Started in 15 European countries, a roll-out to further regions all over the world is planned.
A year after launching France's largest order picking centre for online retailers, Dispeo has announced that it has signed a major contract with a front-runner in Europe's e-commerce industry: showroomprive.com. This long-term collaboration constitutes a ringing endorsement of the 3SI Group strategy that is based on two key pillars: e-commerce and e-commerce services. This partnership will ultimately lead to the creation of around 400 jobs in Nord.
As of 1 November 2014 the internationally experienced manager Neela Montgomery will join the Executive Board of the retail and services company Otto Group, with responsibility for Multichannel Retail.
One of Europe’s biggest warehousing logistics sites is about to get even bigger. The Otto Group is set to make an investment in the mid-double-digit millions in the Haldensleben facility, thus creating more than 350 new jobs. Today the Hermes Fulfilment-operated logistics centre already picks and dispatches up to 300,000 parcels daily.
Today, leading home furnishings retailer Crate and Barrel announces a change in its top leadership. Following the recent resignation of CEO Sascha Bopp, the company’s COO and CFO Adrian Mitchell has assumed interim leadership of the company.
In the 2013/14 financial year now closed (as at 28 February) the Otto Group increased its turnover in line with planning to EUR 12 billion and achieved a clear improvement in earnings. EBIT improved by 1.5 per cent to reach EUR 392 million, with profit for the year rising by a strong 23 per cent to EUR 179 million. Thanks to numerous strategic initiatives and technology investments the internationally active group of companies continues to expand its position as the world’s second-largest online retailer.