Otto Group is to invest E300m (£255.2m) in the expansion of its ecommerce operations over the next two years, according to managing director Rainer Hillebrand.

The retailer aims to increase online revenues from E5.7bn (£4.8bn) in 2012 to E8bn (£6.8bn) in 2015.

A key project is a new online brand, dubbed Collins, for fashion and home furnishings, which is specifically targeted at women.