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Nov 12, 2021
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Italian fashion group OTB aims to list in 2024, says chairman

By
Reuters API
Published
Nov 12, 2021

Italian fashion group OTB, which expects its 2021 turnover to grow 21% compared with an year earlier, aims to list in 2024, its chairman and founder Renzo Rosso said on Friday.


MM6 Maison Margiela - Spring-Summer2022 - Womenswear - Milan - © PixelFormula



OTB, which bought German label Jil Sander earlier this year, would like to make further acquisitions, but "beautiful things" are not up for sale at the moment, Rosso said.

OTB, which stands for Only The Brave and owns brands such as Diesel, Maison Margiela, Marni and Viktor&Rolf, targets a turnover of more than 1.5 billion euros ($1.72 billion) this year, with a core profit margin of 18.5% and a net financial position positive for more than 300 million euros, its chairman said.
 

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