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German Otto will extend the French and Russian online retail market business

2013-09-27    Font Size : Big  |  Default  |  Small

Autoart group (Otto Group) has recently announced the expansion of French and Russian online retail market business.
Otto group has successfully completed the French online acquisition of retail companies. Otto group said the acquisition, begin from July, to September 19th, all employees of the organization and the French online retail companies will has completely passed. About 20 French online retail companies' technology and logistics units will be re integrated into a centralized organization new. New online retail and logistics organization will be the formal operation in January 1, 2014.
According to estimates, Paris retail trade association FEVAD 2012, French online retail market sales of $58530000000, a 19.7% increase over the previous year. While the French online retail companies in the entire French online retail market plays an important role that can not be ignored, a company that provides services to Europe more than 3000 online merchants, the electric power is French and even Europe's leading. Germany Otto Group acquired the success, undoubtedly enhance the electric field position in france.
A Otto spokesman said, the acquisition goal is, through a simplified shareholder structure, further support the development of remote sales activities, to become a successful electronic Business Company.
Since this year, the German Otto group also is extended in Russia, to establish the business base in russia. Otto group in August announced, logistics infrastructure will invest 50000000 euros in the construction of the Russian market, and will provide third party retailers open service network. After expanding Russian logistics distribution center and express delivery network will increase 700 jobs, and the Moscow suburb will be further automated warehouse.
Otto group said, in 2015, Otto in the Russian Hermes-DPD mail and parcel sorting center will be from the current 350 to 1000. Otto Group Chairman Michael Otto said, Russia's remote retail and great potential for development, especially the electronic commerce, has accounted for more than 50% market share. Russia is one of the online retail world one of the most attractive market.
MYEX Minya Express International
2013-09-27