Renzo Rosso. Michael Hemy for BoF.
Italian vogue group OTB expects annual natural gross sales development of 20 % in coming years and has “very bold targets” because the business as an entire begins to get well from the coronavirus pandemic, chairman Renzo Rosso mentioned.
“The approaching months will definitely be optimistic for the sector, there are development developments which can translate in a relaunch of the entire business,” Rosso mentioned in an announcement on Sunday.
He added that, given prospects “need to change, have enjoyable, exit and put on (new) garments” the style sector would be capable of “return to pre-pandemic ranges, and possibly exceed them.”
OTB — which stands for Solely The Courageous — owns manufacturers together with Diesel, Maison Margiela, Marni and Viktor&Rolf and took over Jil Sander from Japanese retailer Onward Holdings in March.
Rosso has mentioned that the group aimed for an vital acquisition when the time was proper and that it additionally aimed to checklist in some years.
By Giulia Segreti; editor: Robert Birsel.
Be taught extra:
OTB Buys Jil Sander as Fashion M&A Heats Up
The proprietor of Diesel and Margiela is buying the label from Japanese group Onward. Designers Luke and Lucie Meier are set to stay in place.
https://www.businessoffashion.com/information/luxurious/otb-chairman-renzo-rosso-sees-20-organic-sales-growth-in-coming-years | OTB Chairman Renzo Rosso Sees 20% Natural Gross sales Progress in Coming Years
