366
Fashion Jobs
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
Published
Apr 8, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Otto's About You unit races ahead, targets fast international growth

Published
Apr 8, 2018

Is Germany’s Otto Group mulling an eventual listing for its fast-growing fashion unit About You? According to the German press it is, although it's also clear that the group would not consider a listing for family-owned Otto itself and that any About You stock exchange move is some time away yet.


About You‘s CEOs Hannes Wiese, Tarek Mueller and Sebastian Betz - About You



A report in Welt am Sonntag quoted supervisory board chairman Michael Otto saying the company would consider an About You listing further down the line once the brand has got bigger. 

That admission comes after Otto, a giant group that includes both retailers and retail services firms, said in 2017 that it had hired Goldman Sachs to find a partner to buy a stake in the About You business in order to provide funds to drive its international growth.

Michael Otto stressed again at the weekend that the company is still seeking a strategic partner for e-tailer About You with the firm interested in bringing either a retailer on board or a more financial-focused investor.

About You is an interesting retail business. Selling online, it targets Shoppers aged 20 to 49 and serves them with a personalised selection of the more-than-150,000 products from the 1,000 labels that it sells. With personalisation being the next big thing for retail, that makes it one of the most forward-looking e-tail businesses out there.

It’s 94% owned by Otto with ProSiebenSat.1’s Seven Ventures and Berlin-based German Media Pool holding the other 6% at present.

Last year German newspaper Boersen-Zeitung valued it at around €320 million after an early financing round.

Its status as one of the most closely watched of Otto’s many businesses underlines the importance of e-commerce to the German firm.

Otto has just said that its global online revenues rose nearly 11% in the latest year to reach €7.8 billion, with About You being one of the key drivers of this growth.

It's helping to maintain Otto's position as the second largest e-commerce player in Germany and one of the worlds biggest too.

In the 2017/18 year, About You achieved better-than-expected results with revenues up 110% to €283 million, easily beating the group’s original target of €250 million. It's targeting sales of €1 billion within five years.

About You currently operates in Germany, Austria, Switzerland, Poland, the Netherlands and Belgium, with the business having added the Netherlands as a new market only last summer.

Copyright © 2024 FashionNetwork.com All rights reserved.