OTB Officially Acquires Jil Sander: Here's What it Means

OTB Officially Acquires Jil Sander: Here's What it Means
Maison Margiela Owner OTB Officially Acquires Jil Sander
Jil Sander / OTB Group
International fashion group OTB has announced that the acquisition of Jil Sander, announced on March 5, has been completed. The sale price remains confidential.
Jil Sander joins Diesel, Maison Margiela, and Marni under the OTB (Only The Brave) Group, chaired and founded by Italian entrepreneur Renzo Rosso. This acquisition continues OTB's expansion as one of Italy’s leading luxury hubs.
The group now controls 100 percent of the capital of Jil Sander, formerly owned by the Japanese group Onward Holding. Onward bought the Jil Sander brand for about $244 million in 2008. Last month, Onward announced in a Tokyo Stock Exchange release that the subsidiary recorded a loss of 17.8 million euros ($21.22 million) in the year through February 2020.

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