×
115
Fashion Jobs
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
RELIANCE INDUSTRIES LTD
Sales Officer-Reliance Retail-tg
Permanent · Nirmal
GOKALDAS EXPORTS LTD
Safety Officer
Permanent · Madanapalle
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 2021 All rights reserved.