OTB Group news and archive

Brave Kid partners with Movopack for reusable packaging

Childrenswear prêt-à-porter and accessories retailer Brave Kid has partnered with Movopack to integrate reusable packaging in its online orders. Part of Italian conglomerate OTB Group, the partnership strengthens Brave Kid’s commitment to reducing its environmental impact while raising awareness among young consumers about circular practices....

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...

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...

Business

Introducing OTB Group’s new business unit, BVX

International fashion group OTB Group has announced its new business unit, Brave Virtual Xperience, or BVX. OTB Group, which owns global brands such as Diesel, Maison Margiela, Marni, Jil Sander, Viktor & Rolf and Amiri, has created the new unit in order to focus on the development of products, projects and experiences meant for the virtual...

Business

OTB Group becomes newest founding member of Aura Blockchain Consortium

Fashion conglomerate OTB Group joins LVMH, Prada Group and Cartier as a new founding member of technology innovation initiative Aura Blockchain Consortium. As the parent company of Diesel, Maison Margiela, Marni, Jil Sander and Viktor&Rolf, the OTB Group’s new move will see the company dive into the exploration of digital transparency and...

Business

OTB posts 14 percent drop in full year turnover

OTB group, parent to Diesel, Maison Margiela, Marni, Viktor&Rolf, Amiri, Staff International and Brave Kid closed the financial year 2020 with consolidated turnover decrease of 14 percent from the previous year to 1,317 million euros, with net revenues of 1,238 million euros. The company said in a statement that revenues rose by 20 percent at...

BusinessFeatured

OTB launches “hyper real” digital showroom

The OTB group, which includes Diesel, Margiela, Marni and Viktor and Rolf, has launched what it is calling a “hyper real” virtual sales showroom to sell its spring/summer 2021 collections after it accelerated its transition to digital options due to the coronavirus pandemic. In a statement, OTB said that the digital showroom would see all of its...

Business|EXCLUSIVE Featured

OTB increases its stakes in Viktor & Rolf to 70 percent

Italian group OTB has increased its stake from 51 percent to 70 percent in Viktor&Rolf. The company said that the remaining 30 percent will be equally split between the two Dutch designers Viktor Horsting and Rolf Snoeren, who founded by the label in 1993 and joined the OTB group in 2008. Commenting on the development, Renzo Rosso, President of...

BusinessFeatured

OTB Group revenues drop 2.4 percent but EBIT expands to 21.5 mn euros

The OTB Group founded by Renzo Rosso, reported a 2.4 percent decrease in turnover at constant exchange rates to 1.52 billion euro (1.87 billion dollars), reports MF Fashion. Quoting the company statement, the report said, overall increase in margins, together with cost optimization actions, led the company to achieve EBIT of 21.5 million euros...