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.
While Chanel recently restaged its latest cruise show in nearby Shenzhen, Louis Vuitton is betting on Hong Kong for the unveiling of Pharrell’s second collection for the house.
The Colombian designer faces up to 20 years in jail and hundreds of thousands of dollars in fines.
The British luxury brand’s quarterly results were disappointing, but we have yet to see the full potential of the new business and creative vision take hold, writes Imran Amed.
For over a decade, luxury brands could depend on casualisation, China and a post-pandemic boom to drive record sales and profits. Now that those factors have played out, its unclear where they will turn next for growth.