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OTB Confirms Interest in Buying Jil Sander
Women s Wear Daily (WWD) 1/18/2021 Luisa Zargani
MILAN The Jil Sander brand could once again end up being controlled by an Italian group.
OTB confirmed to WWD on Monday that it is interested in acquiring the Jil Sander brand and is conducting due diligence.
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WWD first reported OTB was eyeing Jil Sander in December. According to a Milan-based source at the time, Onward Holdings Co. Ltd., which owns Jil Sander, had tapped Nomura as adviser and OTB was said to be in exclusive talks with the Japanese group.
While not confirming a specific target, in a statement sent to WWD at the time, OTB said “it is true that we are evaluating different opportunities and companies currently on the market. We want to increase our critical mass and we want to do it in a modern and sustainable way, firstly supporting and strengthening the pipeline, and in general the Made in Italy [initiative], as we did all throughout