Founded in Germany in 1949, the Otto Group is today a global trading and service group with around 52,560 employees in 30 major corporate groups and more than 30 countries in Europe, North and South America and Asia. Its business covers the three segments Multichannel Retail, Financial Services and Service. The investment focus is on multichannel retailing in the business segments Platform (OTTO), Brand (Bonprix, Crate and Barrel, Witt Group) and Distributor (About You, Mytoys Group), Hermes Europe Service, Financial Services at EOS Group and in the field of start-ups on OGDS, Project A and Eventures. In financial year 2018/19 (February 28), the Otto Group generated sales of 13.4 billion euros. It is one of the world's largest online retailers with an online turnover of around 7.7 billion euros.
With the development of online retail, we are very honored to receive an inquiry from OTTO in 2015, they will develop a new item - mattress. After several emails, they will visit the factory in September. They confirm the design and internal structure of the mattress which is meet the Germany market.
According to the customer's requirement, we produced a sample for them testing, and the sample was greatly recognized by them. The next step is to test their market and strive to have more cooperation with us.
Due to some reason, we have not reached a cooperation with Otto. We also respect each other, and hope we can keep in touch and learn from each other.