Otto Group news and archive

Otto Group: Petra Scharner-Wolff becomes CEO

The Hamburg-based trading and services group Otto Group has appointed Petra Scharner-Wolff as its new CEO. The previous Group Board Member for Finance, Controlling and Human Resources has taken over overall management as CEO with effect from March 1, the Otto Group announced on Monday. She is taking over for Alexander Birken, who, after eight...

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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...

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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....

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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...

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Freemans inks partnership with designer Julien Macdonald

UK home and clothing retailer Freemans, 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 launched next...

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Otto Group increases comparable revenues by 3.5 percent

In the 2018/19 financial year, according to preliminary forecasts the Otto Group’s revenues on a comparable basis increased by 3.5 percent to reach around 13.5 billion euros (15.1 billion dollars), while the company said, internationally active retail and services group was not able to repeat the outstanding results of the previous financial...