Catalog Retailer Otto Grows Russian Business and Plans to Open Logistics Network to Third-Party Sellers | Business | The Moscow Times:
"Otto Group, the world's largest catalog fashion and lifestyle retailer, will invest 50 million euros ($67 million) in its order fulfillment and parcel delivery infrastructure in Russia and will open its network to third party retailers, allowing them access to the Russian online market, company representatives said at a news conference Tuesday.
The investment will double the capacity of the group's logistics center in Tver, 170 kilometers form Moscow, creating 690 additional jobs by 2014. It will also extend Parcel Shop Network — a courier service operated by German firms Hermes and DPD — to 1,000 parcel collection points in 150 cities around Russia by 2015.
The investment is not intended to compete with Otto Group's longstanding partnership with Russian Post, said Martin Schierer, CEO of Otto Group Russia. Parcel Shop Network is there to complement the combination. "
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