×
165
Fashion Jobs
H&M
Security And Hse Manager – Borås
Permanent · BORÅS
H&M
Production Manager to h&m Womens Marketing Team
Permanent · STOCKHOLM
H&M
SEO & Taxonomy Specialist
Permanent · STOCKHOLM
H&M
Tactical Buyers to Non-Commercial Goods Purchase Department
Permanent · STOCKHOLM
H&M
Business Controller to h&m Kids New Premium Concept
Permanent · STOCKHOLM
H&M
Group Manager to Finance & Accounting
Permanent · STOCKHOLM
H&M
Data Specialist to Costing & Purchasing
Permanent · STOCKHOLM
RITUALS
Area Manager Stockholm
Permanent · Stockholm
PUMA
Teamhead Planning & Purchasing
Permanent · Helsingborg
PUMA
Senior Manager Merchandising Puma Golf Europe
Permanent · Solna
PUMA
Strategic Key Account Manager
Permanent · Solna
PUMA
Senior Marketing Manager Cobra Puma Golf Europe
Permanent · Solna
LEVI'S
Key Account Manager
Permanent · Stockholm
GANT GLOBAL HQ, STOCKHOLM
Retail Sales Trainer Nordics
Permanent · STOCKHOLM
GANT GLOBAL HQ, STOCKHOLM
Global Brand Production Director
Permanent · STOCKHOLM
GANT GLOBAL HQ, STOCKHOLM
Global Legal Coordinator
Permanent · STOCKHOLM
GANT GLOBAL HQ, STOCKHOLM
Senior Digital Analyst
Permanent · STOCKHOLM
GANT GLOBAL HQ, STOCKHOLM
Head of Retail Operations
Permanent · STOCKHOLM
GANT NORDIC
Sales Advisor/Visual Merchandiser 70%, Gant Flagship Store Stockholm
Permanent · LONDON
GANT GLOBAL HQ, STOCKHOLM
Marketplace Sales & Operation Specialist
Permanent · STOCKHOLM
GANT NORDIC
Sales Advisor Extra, Gant Store Mall of Scandinavia
Permanent · SOLNA
GANT GLOBAL HQ, STOCKHOLM
Global Wholesale Order Book Specialist
Permanent · STOCKHOLM
By
Reuters API
Published
Apr 30, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italy's OTB expects to accelerate creation of luxury hub

By
Reuters API
Published
Apr 30, 2021

The pandemic opened a new chapter in terms of M&A and Italy's OTB expects to accelerate its long-time project to create an Italian luxury hub, the chief executive of the fashion group said on Friday.


Diesel/Polygiene



The group, which owns brands including Diesel, Maison Margiela, Marni and Viktor&Rolf, bought German label Jil Sander from Japanese retailer Onward Holdings in March.

CEO Ubaldo Minelli said the company was not only looking at acquiring fashion brands, but also at possibly buying firms in the production and distribution sectors.

"The company has all the tools - financial, organisational, managerial and from a capitalisation point of view - to press on with our project", Minelli said at an online conference.

The chief executive explained that the Sander acquisition was part of OTB's aim - "which starts way back" - to create a large portfolio of luxury brands, "something that many have tried but that only (OTB founder) Renzo Rosso has managed to do".

The coronavirus crisis led to an unprecedented fall in fashion and luxury sales last year due to months of forced shop closures in all major markets and a slump in tourism following travel bans worldwide.

But the sector has also seen major investment and M&A deals, including the acquisition of a 24% stake in shoemaker Louboutin by Agnelli's holding company Exor, and luxury down jacket maker Moncler buying smaller Italian high-end brand Stone Island.

In March Minelli told Reuters that even without acquisitions, OTB's business plan to 2023 would still forecast annual sales increases in line with pre-pandemic guidance of 12% to 13%, thanks to strong growth in Asia and soaring online sales.
 

© Thomson Reuters 2022 All rights reserved.