Otto GmbH, Hamburg

Organization

Otto GmbH
The Otto group, or Otto , is a mail order company and currently one of the biggest e-commerce companies, mainly based in Germany and France but operating in more than 20 countries. Although Otto is a retail e-commerce company, as shareholder it is also operating big in e-commerce services as well. The Otto group has expanded into real estate and financial services. In France it claims to be leading with 3 Suisses which is owned for 51% by Otto. In June 2013 Otto did a full takeover to become its only shareholder.Otto Group a family businessThe family of executive board chairman Michael Otto owns the majority of the company. The company is based in Hamburg, Germany; it was founded by Werner Otto in 1949. The first, hand produced, catalogue offered 28 styles of shoes. During the 1950s the range and the business expanded. Otto introduced telephone orders in 1963 and went online in 1995.Michael Otto was the former owner of Spiegel, Inc., (the parent company of Eddie Bauer and former owners of Spiegel catalogue), which filed for bankruptcy on 17 March 2003. On 25 May 2005, Spiegel, Inc., emerged from bankruptcy renamed Eddie Bauer Holdings and was primarily owned by Commerzbank.

Adress

22179 Hamburg

Phone number

00494064610

Parking

Price

Otto GmbH, Hamburg updated