Au Revoir: Otto closes 3Suisses

The Otto group clean up continues: as was announced in yesterday’s customer newsletter, 3suisses is closing operations in Germany after all. The distributers of French fashion have been going badly for a while now. Over the past year, the Otto group, which has had up to 51 percent of the company since 1981, made a take-over offer to stop the downward spiral.

The company take over bore fruit: e-commerce and service companies of the enterprise group have belonged to Otto since January 2014. They take part in the usual activities from the area of financial services, real estate, and B2B trade. It seems that nothing came of the recue plans, and 3SUISSES left the German market on the 30.06.2014.