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Encyclopedia > Otto GmbH

Otto GmbH & Co KG (formerly Otto Versand) is the world's largest mail order company, operating in more than 20 countries. The family of executive board chairman Michael Otto owns the majority of the company and separately controls US catalog company Spiegel. Gesellschaft mit beschränkter Haftung (GmbH) is a type of business structure in Germany, similar to limited liability company in the United States. ... Mail order is a term which describes the buying of goods or services by mail delivery. ... Michael Otto (1944-) is the head of Otto GmbH, the worlds largest mail-order company, with $24 billion in sales last year. ... Photo of the cover of the first issue of Der Spiegel (1/1947) Der Spiegel (German for The Mirror) is Germanys biggest and most influential weekly magazine, located in Hamburg, with a circulation of around one million per week. ...



Individual Companies of the Otto Group:

  • 3 Suisses International Group
  • Actebis Group
  • Baur Group
  • Crate and Barrel
  • Hanseatic Bank
  • Heine Group
  • Hermes Logistik Group
  • EOS Group
  • Fegro/Selgros
  • OTTO (individual company)
  • OTTO Doosan Mail Order
  • OTTO Freizeit und Touristik Group
  • OTTO Sumisho Group
  • OTTO UK (Grattan/Freemans)
  • Schwab Group

  Results from FactBites:
 
State: Boy to vacation with German dad (386 words)
Alexander Otto and his wife, Carrie, filed separately for divorce in January and pledged as part of the two-day visitation hearing to try to work out an agreement on child support, alimony and property distribution.
Carrie Otto signed a prenuptial agreement awarding her $30-million in case of divorce, but her attorneys say the agreement is void because her husband concealed his assets.
Otto's family, estimated by Forbes magazine to be worth $8-billion, owns Crate & Barrel and the retailer Spiegel and is ranked as the second-largest Internet retailer behind Amazon.com.
  More results at FactBites »

 

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