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About Otto Group
The Otto group, or Otto, 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. The company is based in Hamburg, Germany. Founded by Werner Otto in 1950. The first, hand produced, catalog offered 28 styles of shoes. During the 1950s the range and the business expands rapidly. Otto introduced telephone orders in 1963 and went online in 1995.
Michael Otto was the former owner of Spiegel, Inc., which filed for bankruptcy on March 17, 2003. On May 25, 2005, Spiegel, Inc., emerged from bankruptcy renamed Eddie Bauer Holdings and was primarily owned by Commerzbank.