Otto in family hands

Germany’s Otto Group announces, that all shares are back in family hands again. The investment company of Otto took over E. Brost & J. Funke GmbH & Co. KG from the other shareholders, and therefore the remaining 25% in Otto (GmbH & Co KG).

The Group was founded in 1949 and is nowadays a global trade and services group with about 53,000 employees. The Group has 123 companies of primary significance and operates in 19 countries in Europe, North America and Asia. It is organised into four business segments: Multichannel Retail, Financial Services, Services and Wholesale.

In the fiscal year 2006/07 (to 28 February 2007) the revenue of Otto Group was 15,251 million euros. Today, Otto is the largest mail order group in the world. Second to Amazon, Otto is the world’s number two in B2C online trade.

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