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.
The Swiss watch sector’s slide appears to be more pronounced than the wider luxury slowdown, but industry insiders and analysts urge perspective.
The LVMH-linked firm is betting its $545 million stake in the Italian shoemaker will yield the double-digit returns private equity typically seeks.
The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast.
The former CFDA president sat down with BoF founder and editor-in-chief Imran Amed to discuss his remarkable life and career and how big business has changed the fashion industry.