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Michael Otto & family – Retail & Mail Order – Germany
Billion Dollar People Section @ BillDoll.com – The Billion Dollar Site
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Michael Otto & family – Retail & Mail Order – Germany
Main Page: Top 100 Billionaires 2006
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Michael Otto & family
Industry - Retail & Mail Order Citizenship - Germany Age - 62 Net worth (US $ billion) - 10.4 Country of Residence - Germany
Content derived from Wikipedia article on Michael Otto
Michael Otto From Wikipedia, the free encyclopedia
Michael Otto (April 12, 1943, in Kulm) is the head of Otto GmbH, the world's largest mail order company, with $24 billion in sales last year. Thanks to a 30% rise in Internet sales last year, Otto also maintains its position as the Web's second-biggest retailer, behind Amazon.com.
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 long has any stake in the company.
Otto and his family own extensive real estate in Canada and in the United States, shopping centers in Germany and part of home-furnishings chain Crate & Barrel. Known as a committed environmentalist, his company has long touted environmentally safe products.
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Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Michael Otto
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