There might quickly be one thing massive taking place within the Italian style trade once more: After the takeover of Stone Island by Moncler simply made waves, rumors are actually circulating that Solely The Courageous, the holding firm of Renzo Rosso, is alleged to have an interest within the designer style model Jil Sander–as reported by trade journal WWD.
Via this takeover, Jil Sander might turn out to be a part of OTB’s model portfolio, which already consists of Diesel, Maison Margiela, Marni, Viktor&Rolf and Amiri.
An official affirmation from OTB remains to be pending, however not less than this remark was printed: “It’s true that we’re evaluating completely different alternatives and corporations at present in the marketplace. We wish to improve our essential mass and we wish to do it in a contemporary and sustainable manner, firstly supporting and strengthening the pipeline, and normally the Made in Italy, as we did all all through this pandemic, persistently with the strategic imaginative and prescient of the group and of our entrepreneur,” it says in an announcement by OTB.
Look by Jil Sander
Italian firms have not too long ago been supported financially by the Italian authorities as a way to face the difficulties attributable to COVID-19. Additionally OTB acquired €50 million subsidies from the italian state. Although there are different causes that information an entrepreneur equivalent to Renzo Rosso in prepared to purchase a prestigious style model equivalent to Jil Sander, now designed by Luke and Lucie Meier and managed by the Japanese group Onward Holdings Co. Ltd. since 2008.
In 2019, OTB, whose yearly revenues hit €1.53 billion, had additionally elevated its shares in Viktor & Rolf to 70% and thought of to put money into Roberto Cavalli–regardless of the latter was later purchased by Damac Properties from Dubai. In any case, constructing a diversified style portfolio is a strong ambition and due to this fact this step may very well be a part of OTB’s technique.