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Italy’s OTB chairman sees organic sales growth of 20% in coming years By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: A model presents a creation by Dutch designers Viktor Horsting and Rolf Snoeren as part of their Spring/Summer 2015 women’s ready-to-wear collection for Viktor & Rolf fashion house during Paris Fashion Week September 27, 2014. REUTERS/Gonzalo

ROME (Reuters) – Italian fashion group OTB expects annual organic sales growth of 20% in coming years and has “very ambitious targets” as the industry as a whole starts to recover from the coronavirus pandemic, chairman Renzo Rosso said.

Rosso stated in a Sunday statement that “The next months will be positively for the sector. There are growth trends that will translate into a relaunch the entire industry.”

Rosso stated that if customers are willing to have fun and change their clothes, the fashion industry will be able “to return to pre-pandemic levels” or even exceed them.

OTB – which stands for Only The Brave – owns brands including Diesel, Maison Margiela, Marni and Viktor&Rolf and took over Jil Sander from Japanese retailer Onward Holdings in March.

Rosso stated that OTB was looking for an acquisition that would be significant when it felt the right time and also that they hoped to list within a few years.

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