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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...

14 Feb 2023

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...

6 Dec 2022

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...

6 Jul 2022

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...

24 Jun 2022

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...

11 Feb 2022

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...

2 Dec 2021

Business

Italian fashion group OTB aims to list by 2024

OTB, the Italian fashion group that owns Diesel, Jil Sander and Maison Martin Margiela, aims to be listed in 2024, said its founder Renzo Rosso. Reuters reported Rosso, along with OTB’s chief executive Ubaldo Minelli, expect the company to grow to a listable size and grow its the portfolio of brands. . “We would like to make new M&A deals but...

14 Nov 2021

PeopleFeatured

OTB appoints Ubaldo Minelli as new CEO of Jil Sander

Italian fashion group OTB has appointed its chief executive officer Ubaldo Minelli to the additional role of CEO of the Jil Sander brand, according to WWD. It comes after the German luxury label was acquired by OTB from Japanese fashion group Onward Holding for an undisclosed sum back in March. Minelli will be taking the reins from Axel Keller,...

15 Sept 2021

People

OTB appoints new executive to board

OTB, the Italian fashion group behind brands Diesel, Jill Sander and Viktor & Rolf, has named Cristina Bombassei as an executive director. Bombassei is currently chief corporate social responsibility officer of Brembo, an Italian manufacturer of automotive brake systems. She has also been chair of the National Confindustria Corporate Social...

8 Jun 2021

BusinessFeatured

Why Italy is not likely to see the formation of a new luxury group

Italy is not likely to see the formation of a new luxury group, which is perhaps not in the DNA of the country’s majority family-owned businesses. “I don’t think there will ever be a large luxury group in Italy. I don’t see any aggregations, said Moncler CEO Remo Ruffini, during a fashion roundtable ‘Fashion business and consumption’, organised...

31 May 2021

People

OTB appoints two new executives to board

Fashion group OTB, whose portfolio includes Diesel, Jill Sander and Viktor & Rolf, has appointed Arabella Ferrari and Carlo Purassanta to its board of directors. Ferrari has 25 years of experience in cosmetics and currently works as senior vice president of the global marketing and make-up business unit of Intercos, where she is also a member of...

14 May 2021

People

OTB appoints Gianfranco Gianangeli as CEO of Maison Margiela

Fashion group OTB has announced the appointment of Gianfranco Gianangeli as the new CEO of Parisian fashion house Maison Margiela. Gianangeli, who will join the brand in September and report to group CEO Ubaldo Minelli, has held various managerial positions across luxury fashion, such as global retail director at Givenchy, associate...

23 Jul 2020