Have you ever wondered who owns Hermes Delivery Service? It’s a question that many people have asked, and the answer might surprise you. In this article, we’ll take a closer look at the ownership of Hermes Delivery Service and provide you with all the information you need to know.
What is Hermes Delivery Service?
Hermes Delivery Service is a UK-based company that provides parcel delivery services. The company was founded in 1972 and has since grown to become one of the largest parcel delivery companies in the UK. Hermes delivers over 350 million parcels each year and has a network of more than 10,000 couriers.
Who owns Hermes Delivery Service?
Hermes Delivery Service is owned by the German multinational company, Otto Group. The Otto Group is one of the world’s largest mail-order companies and operates in more than 30 countries worldwide.
The History of Otto Group
Otto Group was founded in Germany in 1949 by Werner Otto. The company started as a mail-order business selling shoes, but it quickly expanded to include other products such as clothing, electronics, and home goods.
Over the years, Otto Group has acquired several companies in different industries, including sports equipment manufacturer Adidas and furniture retailer Crate & Barrel. Today, Otto Group is one of the largest retail conglomerates in the world.
How did Otto Group acquire Hermes?
Otto Group acquired a controlling stake in Hermes Delivery Service in 1999. At the time, Hermes was struggling financially and needed an injection of capital to stay afloat. Otto Group saw an opportunity to expand its logistics business and invested heavily in Hermes.
Since then, Hermes has experienced significant growth under Otto Group’s ownership. The company has invested heavily in technology and infrastructure to improve its delivery services and expand its network of couriers.
The Future of Hermes Delivery Service
Hermes Delivery Service is well-positioned for future growth under the ownership of Otto Group. The company has already made significant strides in improving its delivery services and expanding its network, and it’s likely that we’ll see continued investment in these areas.
As more and more people turn to online shopping, parcel delivery services like Hermes are becoming increasingly important. With Otto Group’s support, Hermes is well-equipped to meet the growing demand for reliable and efficient parcel delivery services.
Conclusion
In conclusion, Hermes Delivery Service is owned by the German multinational company, Otto Group. Otto Group acquired a controlling stake in Hermes in 1999 when the company was struggling financially.
Since then, Hermes has experienced significant growth under Otto Group’s ownership and is well-positioned for future success. As online shopping continues to grow in popularity, it’s likely that we’ll see even more investment in parcel delivery services like Hermes.