OTB news and archive

OTB acquires majority stake in Calzaturificio Stephen

Luxury fashion group OTB has acquired a majority stake in Italian footwear manufacturer Calzaturificio Stephen, a long-standing OTB supplier that has provided luxury footwear for the Group brands. The acquisition is part of the OTB’s long-term strategy to acquire high-profile know-how and production capacity in product categories of “strategic...

BusinessFeatured

OTB turnover increases by 7.2 percent, expands retail footprint

OTB reported a turnover of 1.9 billion euros, up 10.2 percent at constant exchange rates and 7.2 percent at current exchange rates for the year to December 31, 2023. Net sales for the year reached 1.8 billion euros, an increase from 2022 of 12.4 percent at constant exchange rates and 9.1 percent at current exchange. The company that controls the...

Fashion |Beauty Featured

Coty announces beauty license deal with Marni

Beauty company Coty has inked a licensing deal with Italian fashion house Marni to develop, produce, and distribute a line of fragrances and beauty products, which run beyond 2040. In a statement, Coty, one of the world’s largest beauty companies with a portfolio of brands across fragrance, colour cosmetics, and skin and body care, said that the...

Business

Diesel appoints Matteo Lena as CEO of North America

Diesel, part of the OTB Group, has announced the appointment of Matteo Lena as the brand’s new CEO for North America. Lena, the company said in a statement, brings over 20 years of experience in the fashion and luxury industry. He will step into the new role at Diesel on June 5, 2023. “Matteo Lena is a manager with wide international experience,...

People

Maison Margiela announces new leadership roles, Gaetano Sciuto as CEO, Stefano Rosso as Chairman

Maison Margiela has announced Gaetano Sciuto has been appointed as its new CEO, succeeding Gianfranco Gianangeli. It was previously reported that Mr Gianangeli would be leaving the company by mutual decision. A fashion industry veteran with over 30 years of experience in the luxury sectors, Mr Sciuto previously served as the CEO of Giorgio...

Business

OTB Group acquires stake in leathergoods manufacturer

Italian fashion group OTB has acquired a majority stake in Frassineti, a Florence-based leather goods manufacturer. Frassineti has been a long-term supplier of Jil Sander, one of OTB's star portfolio brands. This acquisition is part of a growing trend among luxury groups to invest in their supply chain and maintain valuable skills and ensure...

BusinessFeatured

Jil Sander, Marni and Maison Margiela drive OTB's turnover

Italian luxury group OTB said its luxury portfolio of brands, which includes Jil Sander, Maison Margiela, Marni, and Viktor and Rolf, were key growth drivers in achieving revenue of 1.74 billion euros in 2022. Sales of luxury increased 32 percent, according to OTB's latest filings. Marni sales increased 29 percent compared to 2021, having...

Business

Viktor & Rolf appoints OTB’s Matteo Franceschini as CEO

Dutch luxury brand Viktor & Rolf has announced the appointment of Matteo Franceschini as its chief executive officer. He joins the company from Italian fashion group OTB, which bought the label back in 2018. He will continue to report to the company’s CEO Ubaldo Minelli. In his previous position, Franceschini oversaw licensing and collaborations...

Fashion

Jil Sander to return to co-ed catwalk format for September fashion week

Jil Sander will present its spring summer 2023 collections in a co-ed men's and women's catwalk presentation in September. The OTB-owned brand confirmed the news to WWD. Jil Sander first moved to a co-ed approach in 2017 but in a bid to shine a separate light on its menswear it opted for different calendars and shows. Jil Sander’s co-creative...

Fashion |CEO-Interview Featured

OTB founder and chair Renzo Rosso talks the metaverse and IPO plans

The 15th edition of Greentech Festival in Berlin launched Wednesday with a gala at the former Tegel Airport, an area that is now called Urban Tech Republic. During the Green Awards gala, Renzo Rosso, the founder and chairman of OTB, received the 'Special Prize Italy‘, with Italy being this years' guest country of the festival. OTB, whose...

Business

OTB group turnover and profit jump

OTB turnover for the year to December 31, 2021 reached 1,530 million euros, up 16.2 percent from 2020 and in line with 2019. Net sales were 1,456 million euros, an increase of 18 percent from 2020 driven by the luxury business Marni, Maison Margiela, Jil Sander and Viktor&Rolf. The company’s EBITDA was 354 million euros for a 24.3 percent return...

Fashion

Balenciaga to launch metaverse business unit

If there was any doubt luxury brands are digitally lagging behind the rest of the fashion industry, Balenciaga is shattering perceptions. The Kering-owned Maison announced on Thursday it has created a separate team dedicated to the metaverse and to explore the economic opportunities that lie in this yet untapped digital realm. The announcement...