Who owns Evri?
Evri, formerly known as Hermes UK, is one of the leading parcel delivery companies in the United Kingdom. It operates under the larger umbrella of Hermes Group, a prominent logistics and parcel delivery enterprise based in Germany. Hermes Group is a subsidiary of the Otto Group, a globally recognized retail and services group. In this article, we will delve into the ownership structure of Evri, the history of Hermes Group, and the impact of its ownership on the company’s operations and services.
Ownership Structure
The Otto Group, founded in 1949 by Werner Otto, is a family-owned business headquartered in Hamburg, Germany. The group operates in over 30 countries and is involved in various sectors, including retail, financial services, and logistics. The Otto family maintains significant control over the group, with Michael Otto, the son of the founder, serving as the chairman of the supervisory board.
Hermes Group, established in 1972, is a key player within the Otto Group’s logistics and services division. The company specializes in parcel delivery, two-man handling, fulfillment, and global supply chain solutions. Hermes Group operates under several regional brands, including Hermes Germany, Hermes UK (now Evri), and Hermes France, among others.
In 2022, Hermes UK rebranded itself as Evri, a move aimed at refreshing its brand image and improving its market presence. Despite the rebranding, Evri remains a subsidiary of Hermes Group and, by extension, the Otto Group. This ownership structure provides Evri with substantial resources, expertise, and a vast network, enabling it to offer reliable and efficient delivery services across the UK.
Historical Context
Hermes Group’s history is deeply rooted in the Otto Group’s growth and expansion. Initially, Hermes was established to handle the delivery of goods for the Otto Group’s mail-order business. Over the years, the company expanded its services to include third-party logistics, catering to a wide range of e-commerce and retail clients. This diversification allowed Hermes to become a significant player in the European logistics market.
Hermes UK’s journey began in 2000 when the company entered the British market. Since then, it has grown rapidly, establishing itself as one of the leading parcel delivery companies in the country. The rebranding to Evri in 2022 was part of a broader strategy to modernize the company’s image and align it more closely with contemporary market trends and customer expectations.
Impact of Ownership
Being part of the Otto Group has several advantages for Evri. Firstly, it provides financial stability and access to substantial investment, which is crucial for maintaining and upgrading infrastructure, technology, and services. This financial backing allows Evri to invest in innovative solutions, such as automated sorting systems, real-time tracking, and sustainable delivery options.
Secondly, the global reach of Hermes Group enhances Evri’s operational capabilities. The company can leverage a vast network of logistics hubs, transportation fleets, and strategic partnerships to ensure efficient and reliable delivery services. This global network also enables Evri to offer cross-border delivery solutions, catering to the growing demands of international e-commerce.
Moreover, the Otto Group’s commitment to sustainability and corporate social responsibility influences Evri’s operational ethos. The company has implemented several initiatives aimed at reducing its carbon footprint, promoting eco-friendly practices, and ensuring ethical labor standards throughout its supply chain. These efforts resonate well with environmentally conscious consumers and contribute to the company’s positive brand image.
Conclusion
In conclusion, Evri, formerly known as Hermes UK, is owned by Hermes Group, which is a subsidiary of the Otto Group. This ownership structure provides Evri with significant resources, expertise, and a vast logistics network, enabling it to deliver efficient and reliable parcel delivery services across the UK. The historical context of Hermes Group and its alignment with the Otto Group’s values of sustainability and corporate social responsibility further enhance Evri’s operational capabilities and market presence. As the e-commerce sector continues to grow, Evri is well-positioned to meet the evolving demands of customers and maintain its status as a leading parcel delivery company in the UK.