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Files under: News
Posted by: Quintura @ 01:20 [23. 01. 09]
The Otto Group, the world’s largest mail order business group and second largest in B2C e-commerce, has acquired 90 percent in Na Dom (На Дом), a leading Russian mail order household and self-care business with three business-units “Home”, “Health & Beauty”, and “MeggyMall“, with annual turnover of EUR 94 million, as well as in the Promopost logistic business in Tver region of Russia from Direct Group.
In 2006, Otto Group set up a 70 – 30 joint venture with Direct Group in mail order fashion retail.
Founded in 1996, Direct Group is a leader in market expansion services in Russia. It owns a majority stake in leading Russian women-centric site WomanJournal.ru, which raised EUR 6 million from French VC investors last summer.
Tags: NaDom Direct Group, Otto Group Direct Group, Otto Group Na Dom, Otto NaDom, На Дом
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