Otto Group news and archive

Bestseller, C&A, H&M, Inditex, Otto Group and PVH Corp. commit to Pakistan Accord

As the member brands of the Pakistan Accord’s steering committee, Bestseller, C&A, H&M, Inditex, the Otto Group and PVH Corp. have affirmed their commitment to the workplace safety program. They will act in close collaboration with their Pakistani suppliers and other stakeholders in the coming weeks as they take steps towards the establishment...

Business

Otto Group reports 20 percent increase in H1 sales

Germany’s Otto Group has reported a strong increase in sales in the first half of the year. The retail and services group, which owns fashion retailers Bonprix and About You, said its worldwide sales increased by 20 percent in the six months to February 28, driven in particular by increased demand in the fashion, living and lifestyle assortment....

Business

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...

PeopleFeatured

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...

Retail|INTERACTIVE Featured

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...

Business

Bestseller invests in German fashion retailer About You

Heartland A/S, the investment company owned by Besteller A/S, has acquired a double-digit stake in the German e-commerce platform About You GmbH. The investment is part of a financing round of around 300 million US dollars (approximately 230 million pounds or 227 million euros). About You was founded in 2014 as a subsidiary of Otto Group, the...

BusinessFeatured

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...