Michael Otto (businessman)

Michael Otto (born 12 April 1943, in Chełmno in Nazi-occupied Poland), is the head of German Otto Group, the world’s largest mail order company, with US$24 billion in sales in fiscal year 2003. Thanks to a 30% rise in Internet sales last year, Otto also maintains its position as the Web’s second-biggest retailer, behind Amazon. com. They were the former owners of Spiegel, Inc.