WWD had launched it, more as a possibility than a certainty. Now, confirmation comes from the voice of the person concerned, Renzo Rosso. In fact, the owner of OTB group confirmed to L’Economia of Corriere della Sera that he really intends to acquire Jil Sander.
Confirmation
Renzo Rosso says to the newspaper in via Solferino: “We are negotiating and carrying out the due diligence. Jil Sander is a brand that fascinates me a lot, that has remained intact, and with which we have a lot in common. Let’s hope”.
The first indiscretion
The first indiscretion had been by WWD in early December 2020. To the US newspaper, OTB did not confirm the rumour, but expressed the desire to expand through acquisitions. “It is true that we are evaluating various opportunities and companies currently on the market. We want to increase our critical mass”. Furthermore, according to WWD, Onward Holdings (owner of Jil Sander since 2008) would have chosen Nomura as a consultant to deal exclusively with OTB.
The OTB group
OTB (Only The Brave) has the brands Diesel, Maison Margiela, Marni, Viktor & Rolf and has a minority stake in Amiri. In addition, it owns the production companies Staff International and Brave Kids. Jil Sander was born in Germany in 1968 by the will of the stylist with the same name, and was under the control of Prada from 1999 to 2006. Today creative directors are Luke and Lucie Meier.
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