December 25, 2014 10:41 AM ET

Internet and Catalog Retail

Company Overview of Otto (GmbH & Co KG)

Company Overview

Otto (GmbH & Co KG) 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 OTTO shops and Crate & Barrel stores, as well as Sportscheck, Frankonia, and bonprix stores. The Financial Services segment provides banking, consumer loans, liquidity management, pay...

Wandsbeker Strasse 3-7

Hamburg,  22172

Germany

Founded in 1949

54,257 Employees

Phone:

49 40 64610

Fax:

49 40 64618571

Key Executives for Otto (GmbH & Co KG)

Chairman of the Executive Board and Chief Executive Officer
Age: 58
Chief Financial Officer and Member of the Executive Board
Age: 49
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 2014.

Otto (GmbH & Co KG) Key Developments

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.

Otto Group Presents at Go4Israel Conference, Oct-27-2014 03:00 PM

Otto Group Presents at Go4Israel Conference, Oct-27-2014 03:00 PM. Venue: Hilton Hotel, Tel Aviv, Israel. Speakers: Luc Muller, Senior Partner.

Otto Group Announces Earnings Results for the Fiscal Year 2013

Otto group announced earnings results for the fiscal year 2013. For the year, the company announced profit and revenue rose. The company said earnings before interest and taxes (EBIT) improved by 1.5% to EUR 392 million (USD 537.3 million) in 2014, while revenue rose to EUR 12 billion, 1.8% on the year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 30, 2014
OGLI e-Solutions Platform
Merger/Acquisition
June 17, 2014
Otto Freizeit und Touristik GmbH
Merger/Acquisition
April 29, 2014
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