- Otto GmbH
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Otto (GmbH & Co KG) 
Type Private Genre Mail order Predecessor Otto Versand Headquarters Hamburg, Germany Key people Michael Otto Website www.ottogroup.com/ The Otto group, or Otto (GmbH & Co KG) (formerly Otto Versand), is the world's largest mail order company, operating in more than 20 countries.[1] The family of executive board chairman Michael Otto owns the majority of the company. The company is based in Hamburg, Germany. Founded by Werner Otto in 1950.[2]
They were the former owners of Spiegel, Inc., (the parent company of Eddie Bauer and former owners of Spiegel catalog), which filed for bankruptcy on March 17, 2003. On May 25, 2005, Spiegel, Inc., emerged from bankruptcy renamed Eddie Bauer Holdings and is now owned primarily by Commerzbank. The Otto Group no longer has any stake in the company.[citation needed]
Subsidiaries
Individual companies of the Otto Group:
- Alba Moda
- Baumarkt Direct
- Baur
- bonprix
- Crate and Barrel (100%)
- EOS
- Frankonia
- Freemans Grattan Holdings
- Freemans
- Grattan
- Kaleidoscope
- Oli
- Hanseatic Bank (25%)
- Hanseatic Versicherungsdienst
- Hansecontrol
- Hansecontrol-Cert (49%)
- Heine
- Hermes Europe
- Hermes-OTTO International
- Küche&Co
- Lascana
- Limango
- Manufactum
- Mirapodo
- MyToys.de (74.8%)
- OFT
- OTTO
- OTTO Doosan Mail Order
- OTTO Group Russia
- OTTO Japan
- Eddie Bauer Japan
- OTTO Office
- Phi-t products & services (50%)
- Schwab
- Shopping24
- Smatch.com
- SportScheck
- 3 Suisses International Group (51%)
- Cofidis (49%)
- Venca
- Witt Weiden
- Fegro/Selgros
References
- ^ Manning, C. J.. "Catalog Shopping". HowToGermany.com. http://www.howtogermany.com/pages/catshopping.html. Retrieved 2010-07-24.
- ^ Herb, Verena (13 August 2009). "German retail pioneer Werner Otto turns 100". Deutsche Welle. http://www.dw-world.de/dw/article/0,,4559607,00.html. Retrieved 2010-07-24.
External links
Coordinates: 53°36′3.17″N 10°4′21.12″E / 53.6008806°N 10.0725333°E
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