“Kommersant”: the Otto Group intends to close in Russia stores Quelle and Otto

MOSCOW, April 23. /TASS/. The German Otto Group is planning to close in Russia online shopping of clothes and shoes Quelle and Otto. As has informed the edition “Kommersant” the General Director of Otto Group Russia Martin Shearer, it is “in line with the global strategy of the Otto Group”, which will focus on the marketplace Otto.de for German-speaking countries, not excluding that in the medium term, the platform could reach international level.

According to the newspaper, the Otto Group thus not going to leave Russia and will continue to develop their own brands, Witt, Bonprix and eSolutions. eSolutions provides marketing, logistic and IT services to retailers and brands, including monarch, Befree, Zarina and Tom Farr.

Among the assets of the Otto Group, which operates in Russia since 1990, includes Nadom Group, LLC “Direct Catalogue Service” (catalogue Bonprix, Otto, Witt ), purchased in 2009, Quelle Russia and logistics LLC “Business Service” and open company “Promopost”, located in Tver.