Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
OTB Group’s Brave Kid operation is on an expansion drive and has added the MM6 Maison Margiela brand to its licensed portfolio. It will be the first move into kidswear for the Margiela label that’s owned by OTB.
Fashion likes nothing more than a debut, and the biggest one in Italy this season was designer Glenn Martens at Diesel, the avant-garde Belgian designer, making some bold moves at the Italian streetwear giant.
Italian fashion group OTB has added two new members to its board of directors. They are Arabella Ferrari of Intercos and Carlo Purassanta of Microsoft, who will contribute their know-how in the beauty and IT sectors.
Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.