OTB news and archive

OTB reports slight turnover decrease despite direct channel growth

Italian fashion group OTB reported a turnover of 1.8 billion euros, down 4.4 percent for the 2024 financial year, with net sales reaching 1.7 billion euros, down 3.1 percent. The company achieved an EBITDA of 276 million euros, representing a 16.3 percent return on net sales and EBIT was 44 million euros. Direct channels experienced a 7.4...

People

Who is Serge Brunschwig? This luxury strategist, poised at the intersection of knowledge and the audacity of renewal

Serge Brunschwig is a key figure in the luxury sector, renowned for his expertise in managing and transforming major fashion houses. After three decades with the LVMH group, he has just joined the OTB group as CEO of Jil Sander and Group Strategy Director. This move from a luxury giant to a rapidly expanding player testifies to his ambition and...

People

OTB Group appoints Andrea Rosso as Sustainability Ambassador

OTB Group has named Andrea Rosso as its Sustainability Ambassador, underscoring its commitment to sustainability through its “Be Responsible, Be Brave” strategy. In his new role, Rosso will focus on expanding sustainability initiatives both internally and externally, aiming to embed a responsible mindset across the company and its global supply...

BusinessMember

Diesel joins King Charles' Fashion Task Force

OTB Group’s Diesel has joined the Fashion Task Force, a project under the wing of the Sustainable Markets Initiative (SMI), founded by His Majesty King Charles III. HModa, a group of Italian luxury clothing manufacturers, has also joined the project. In a release, Federico Marchetti, chair of the Fashion Task Force, said it was a “great pleasure...

PeopleFeatured

OTB Group appoints Serge Brunschwig as CEO of Jil Sander and Chief Strategy Officer

OTB Group has announced the appointment of Serge Brunschwig as CEO of Jil Sander and Chief Strategy Officer of the wider OTB Group, effective February 5, 2025. Brunschwig will report directly to Ubaldo Minelli, OTB Group’s CEO, in what is widely seen as a strategic move to further elevate the luxury brand’s profile and strengthen the group’s...

BusinessMember

Viktor&Rolf secure five-year extension with OTB Group

The OTB Group has announced a significant five-year renewal of its partnership with Dutch design duo Viktor Horsting and Rolf Snoeren, extending their creative leadership of the Viktor&Rolf maison through to 2029. The deal marks a continued commitment to avant-garde haute couture from OTB, which acquired the label in 2008. The renewal comes as...

PeopleFeatured

John Galliano exits Maison Margiela

Luxury fashion house Maison Margiela has confirmed the exit of its renowned creative director John Galliano, marking the end of a significant creative chapter for the avant-garde brand. A statement released by the company suggest the departure was amicable, with founder and OTB Group CEO Renzo Rosso being open to future collaborations. The...

People

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...

BusinessMember

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...

BusinessMember

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...

BusinessMember

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...