The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
OTB aims for an important acquisition when the time is right and a bourse listing remains a medium-term project for the Italian fashion group, its chairman said in an interview published on Monday.
“We are not in a rush. This time I would like to carry out a significant acquisition, and when the opportunity comes along we’ll be able to seize it,” Renzo Rosso told Affari & Finanza - la Repubblica.
Rosso said OTB had not identified a brand to buy yet, but “we don’t want to aim for a lifestyle [brand] but rather high-end pret-a-porter.” He added his family would hold onto a majority of the company he founded in a possible listing.
The former Gucci designer is a fashion storyteller whose maximalist aesthetic helped triple sales at the Kering-owned megabrand.
The duo behind Skims are taking a minority stake in the luxury cashmere label, with an eye on scaling the cult brand.
After headline pieces — sometimes formerly owned by celebrities or featured on TV — sell for blockbuster prices, they can end up pretty much anywhere, from museums to collectors’ closets.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.