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Michael Otto (born 12 April 1943), is the chairman of the supervisory board of Germany's Otto Group,[1] one of world's largest mail order company, with €15.6 billion in 2021.[2]
Otto Group was founded by his father, the late Werner Otto, as a mail-order business in Hamburg in 1949.[3]
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 17 March 2003. On 25 May 2005, Spiegel, Inc. emerged from bankruptcy, was renamed Eddie Bauer Holdings, and is now owned primarily by Commerzbank. The Otto Group no longer has any stake in the company.
Otto and his family own extensive real estate in Canada and in the United States,[citation needed] 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. In 1993, he created the Michael Otto Foundation (German: Michael Otto Stiftung). This foundation played, and is still playing, an important role in furthering multi-stakeholder dialogue on hot environmental issues. Otto is also a member of the World Future Council.
Otto is president of the Foundation 2°, which promotes a transition towards a carbon-free economic system.[4] He once stated about this transition: "Understanding climate protection as a modernisation project for the economy can now play an important role in overcoming the consequences of the Corona crisis – and at the same time help to avoid profound negative impacts of the climate crisis."[4]
Personal lifeedit
Otto is married, with two children, and lives in Hamburg, Germany.[3]
Referencesedit
^"Otto Group: Supervisory Board". www.ottogroup.com. Retrieved 12 July 2021.
^"Otto Group makes progress in latest year, expects fashion segment recovery". Fashion Network. Retrieved 19 May 2022.
^ abc"Forbes profile: Michael Otto". Forbes. Retrieved 30 August 2020.
^ ab"Business Statement for crisis management and a sustainable future". Stiftung 2 Grad. Retrieved 28 August 2020.
External linksedit
December 02, 2023
michael, otto, businessman, help, expand, this, article, with, text, translated, from, corresponding, article, german, march, 2023, click, show, important, translation, instructions, machine, translation, like, deepl, google, translate, useful, starting, point. You can help expand this article with text translated from the corresponding article in German March 2023 Click show for important translation instructions Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing German Wikipedia article at de Michael Otto see its history for attribution You should also add the template Translated de Michael Otto to the talk page For more guidance see Wikipedia Translation Michael Otto born 12 April 1943 is the chairman of the supervisory board of Germany s Otto Group 1 one of world s largest mail order company with 15 6 billion in 2021 2 Michael OttoBorn12 April 1943 1943 04 12 age 80 Chelmno Kulm Reichsgau Danzig West PrussiaNationalityGermanEducationUniversity of HamburgUniversity of MunichOccupationHead of Otto GroupChildren2ParentWerner Otto father RelativesKatharina Otto Bernstein sister Frank Otto brother Alexander Otto brother Contents 1 Early life 2 Career 3 Personal life 4 References 5 External linksEarly life editHe earned doctorates from the University of Hamburg and the University of Munich 3 Career editOtto Group was founded by his father the late Werner Otto as a mail order business in Hamburg in 1949 3 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 17 March 2003 On 25 May 2005 Spiegel Inc emerged from bankruptcy was renamed Eddie Bauer Holdings and is now owned primarily by Commerzbank The Otto Group no longer has any stake in the company Otto and his family own extensive real estate in Canada and in the United States citation needed shopping centers in Germany and part of home furnishings chain Crate amp Barrel Known as a committed environmentalist his company has long touted environmentally safe products In 1993 he created the Michael Otto Foundation German Michael Otto Stiftung This foundation played and is still playing an important role in furthering multi stakeholder dialogue on hot environmental issues Otto is also a member of the World Future Council Otto is president of the Foundation 2 which promotes a transition towards a carbon free economic system 4 He once stated about this transition Understanding climate protection as a modernisation project for the economy can now play an important role in overcoming the consequences of the Corona crisis and at the same time help to avoid profound negative impacts of the climate crisis 4 Personal life editOtto is married with two children and lives in Hamburg Germany 3 References edit Otto Group Supervisory Board www ottogroup com Retrieved 12 July 2021 Otto Group makes progress in latest year expects fashion segment recovery Fashion Network Retrieved 19 May 2022 a b c Forbes profile Michael Otto Forbes Retrieved 30 August 2020 a b Business Statement for crisis management and a sustainable future Stiftung 2 Grad Retrieved 28 August 2020 External links editMichael Otto Foundation Retrieved from https en wikipedia org w index php title Michael Otto businessman amp oldid 1146560476, wikipedia, wiki, book, books, library,
