OTB news and archive

Jil Sander CEO reportedly stepping down

Luca Lo Curzio is believed to be stepping down from his role as chief executive officer of Jil Sander. This is according to market sources cited by WWD. The media outlet did not disclose a reason for the alleged departure. If it is the case, it would bring to an end a short tenure at the luxury fashion house for Lo Curzio, who was only appointed...

People

John Galliano to reportedly exit Margiela

The musical chairs of creative directors continues. This time, it appears that John Galliano is preparing to step down from the helm of Maison Margiela, a Parisian house he has creatively led for 10 years. It is believed that Galliano is set to make his official exit in the autumn of this year, a source for Fashionnetwork said, having decided to...

Business

OTB and Chalhoub Group establish joint venture for the Middle East

Italian fashion group OTB SpA is planning to accelerate its expansion in the Middle East through a new partnership with Dubai-based retailer Chalhoub Group. Both companies announced on Friday that they had agreed to form a joint venture to "significantly expand" the presence of the OTB luxury brands Jil Sander, Maison Margiela and Marni in the...

Business

OTB's Maison Margiela, Marni and Jil Sander to be digitally certified

Italy's OTB Group is to provide products from the Maison Margiela, Marni and Jil Sander brands with a digital authentication certificate, which are to be introduced from each of the brands' AW24 collections. Using blockchain technology and an NFC chip in each garment or accessory, the products will be verifiable as genuine branded products. The...

Business

OTB opens applications for its Staff International trade school

Until June 14, fashion graduates and other candidates can apply to the fourth edition of the Staff International trade school, the in-house training project with which Italian fashion group OTB transfers to young people the knowledge and skills that make Made in Italy a globally recognised standard of excellence. Through this project, OTB aims...

People

OTB appoints Stefano Rosso as Marni’s new CEO

The OTB Group has announced the appointment of Stefano Rosso as Marni’s new CEO. The company said Rosso replaces Barbara Calò, who will support him during the transitional period. Rosso will report to OTB Group CEO, Ubaldo Minelli. “Stefano will have the important responsibility of fast-tracking Marni’s positioning on the luxury market and the...

BusinessFeatured

OTB acquires majority stake in Calzaturificio Stephen

Luxury fashion group OTB has acquired a majority stake in Italian footwear manufacturer Calzaturificio Stephen, a long-standing OTB supplier that has provided luxury footwear for the Group brands. The acquisition is part of the OTB’s long-term strategy to acquire high-profile know-how and production capacity in product categories of “strategic...

BusinessFeatured

OTB turnover increases by 7.2 percent, expands retail footprint

OTB reported a turnover of 1.9 billion euros, up 10.2 percent at constant exchange rates and 7.2 percent at current exchange rates for the year to December 31, 2023. Net sales for the year reached 1.8 billion euros, an increase from 2022 of 12.4 percent at constant exchange rates and 9.1 percent at current exchange. The company that controls the...

Fashion |Beauty Featured

Coty announces beauty license deal with Marni

Beauty company Coty has inked a licensing deal with Italian fashion house Marni to develop, produce, and distribute a line of fragrances and beauty products, which run beyond 2040. In a statement, Coty, one of the world’s largest beauty companies with a portfolio of brands across fragrance, colour cosmetics, and skin and body care, said that the...

People

Maison Margiela announces new leadership roles, Gaetano Sciuto as CEO, Stefano Rosso as Chairman

Maison Margiela has announced Gaetano Sciuto has been appointed as its new CEO, succeeding Gianfranco Gianangeli. It was previously reported that Mr Gianangeli would be leaving the company by mutual decision. A fashion industry veteran with over 30 years of experience in the luxury sectors, Mr Sciuto previously served as the CEO of Giorgio...

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...

BusinessFeatured

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...