Does Fedex Access? Otto wants to sell majority stake in Hermes


The mail order company Otto announced on Wednesday that it was looking for a co-partner for Hermes’ parcel delivery business in Germany, England and France. For this, the group is also ready to sell the majority in the delivery division, said CFO Petra Scharner-Wolff.

This should further expand Hermes’ strong position. However, you want to keep “relevant influence”. Talks would be held with several interested parties. There should be a specific agreement in the current 2020/2021 financial year.

Alibaba is said to be interested in Hermes

The head of finance did not want to comment on the talks with possible candidates on Wednesday – not even about the names of the interested parties. In recent months, however, there has been more speculation about the Chinese online retailer Alibaba or the US logistics company Fedex joining Hermes.

The Hermes Group increased its sales by 10.1 percent to 2.4 billion euros in the 2019/20 financial year. However, learned that Hermes’ German business was still slightly deficient in the same period. However, the Otto Group does not publish exact figures.



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