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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...

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