Otto Group news and archive

German e-tailer About You eyes 4bn euro valuation in IPO

German fashion e-tailer About You has set a price range of between 21 euros to 26 euros a share for its float on the stock market, valuing it at around 4 billion euros. The company, which is owned by Otto Group, said it aims to raise between 600 million euros and 941 million euros via a private placement which it will use to scale its offering...

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Women in fashion leadership: Petra Scharner-Wolff, Otto Group

Petra Scharner-Wolff is Group Executive Vice President Finance, Controlling, and Human Resources at Otto GmbH & Co KG. The Hamburg-based Otto Group, which operates in more than 25 countries and boasts an annual revenue of 14.3 billion Euros in 2019/2020, is one of the world’s biggest e-tailers. FashionUnited spoke with her via email about the...

People

Freemans inks partnership with designer Julien Macdonald

UK home shopping retailer Freemans Grattan Holdings, the UK division of German mail order company the Otto Group, has announced an exclusive three-year partnership with Welsh fashion designer Julien Macdonald. The tie-up will see Macdonald work with Freemans to design a contemporary collection of womenswear, accessories and homewares to be...

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In pictures: Germany's latest high-tech shopping experience

Nothing less than creating a "radically" new shopping experience was the goal behind online fashion retailer Bonprix's new pilot store. Want to order your size into the fitting room via smartphone or have tags that change prices in real time along with the ones in the online shop? The store of the subsidiary of Germany’s mail order company Otto...

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Otto Group posts annual turnover growth of 6.7 percent

The international retail and services group Otto said that it continues its growth track, increasing revenues in the past 2017/18 financial year to February 28 to 13.653 billion euros (16.079 billion dollars), an increase of 6.7 percent. The company also increased its EBIT by 11 percent to 405 million euros (477 million dollars). The group’s...