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.
Renzo Rosso’s Italian apparel group is doing due diligence on a potential acquisition of German fashion house Jil Sander, a spokesperson for OTB Group said Tuesday, confirming a report by Italian newspaper Corriere della Sera.
OTB, which already owns Diesel, Marni and Maison Margiela, had said in a December statement that it was once again on the hunt for new assets. “We want to increase our critical mass and we want to do it in a modern and sustainable way, first of all supporting and strengthening the pipeline, and in general Made in Italy,” the company said.
Jil Sander is currently owned by the Japanese apparel company Onward Holdings Ltd., which acquired the brand at an equity value of €167 million in 2008.
The label is currently designed by Luke and Lucie Meier, the husband-wife duo known for their work at OAMC and Christian Dior, respectively.
At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label.
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
The actress and humanitarian discusses the project and her broader fashion ambitions with BoF founder and editor-in-chief Imran Amed in an upcoming episode of The BoF Podcast.
The event drew an international crowd, with high-wattage names like Gwyneth Paltrow and Anne Hathaway there to pay tribute to Valentino Garavani, but British design talent took centre stage.