Company type | Private (S.p.A.) |
---|---|
Industry | Luxury goods |
Founded | 2002 |
Founder | Renzo Rosso |
Headquarters | Via dell'Industria, 2, , |
Area served | Worldwide |
Key people | Renzo Rosso (President) Ubaldo Minelli (CEO) |
Products | |
Revenue | 1,9 mlrd € [1] (2023) |
Number of employees | Over 7,000 (2023) |
Subsidiaries | List of subsidiaries |
Website | www |
Only The Brave, S.p.A., commonly known as OTB Group, is an Italian holding multinational corporation specializing in luxury goods, headquartered in Breganze. The company was founded in 2002 by Renzo Rosso as a holding company for Diesel and future acquisitions of fashion houses. OTB Group is the parent company of a number of brands, including Diesel, Maison Margiela, Marni, Jil Sander, and Viktor & Rolf.
The company recorded an annual revenue of €1.9 billion [2] in 2023. Ubaldo Minelli has been CEO of the company since 2017. [3]
After acquiring complete control of Diesel in 1985, OTB's founder Renzo Rosso continued to grow his portfolio through the acquisition of Staff International, a fashion production, logistics, and marketing company, in October 2000. [4]
In 2002, OTB Group was founded as a holding company to invest in fashion designers and companies that lacked financial stability, but produced designs deemed creative and promising by Rosso. [5] Then, the company acquired French luxury fashion house Maison Margiela in 2002 and Dutch luxury fashion house Viktor & Rolf in 2008.
In 2011, Brave Kid was founded as a subsidiary of OTB Group that specializes in the product development, production, and distribution of licensed premium children's clothing and accessories. Brave Kid holds license agreements with Diesel, John Galliano, Dsquared², Marni, [6] N21 and Trussardi. [7]
Italian luxury fashion house Marni was acquired in 2012, [8] followed by Amiri in 2019 and Jil Sander in 2021. [9] In 2023, OTB Group acquired a majority stake in leather goods manufacturer Frassineti, long-term supplier of the Jil Sander brand. [10]
A list of OTB Group's wholly or partially owned brands and subsidiaries. [11]
OTB Foundation is a not-for-profit organization founded in 2008 to contribute to the sustainable development of less advantaged areas.
In 2009, Rosso, together with Millennium Promise, started supporting the development of the Only The Brave Millennium Village, in Dioro, Mali. [12] Established in 2005, Millennium Promise non-profit organization solely committed to supporting the achievement of the Millennium Development Goals to halve extreme poverty by 2015. In February 2012, Rosso was invited by the Permanent Mission of Italy to the United Nations to host a press conference at The United Nations together with Jeffrey Sachs, Director of The Earth Institute at Columbia University and Special Advisor to The United Nations' Secretary-General Ban Ki-moon, about the progress of Millennium Promise and OTB Foundation. [13]
The Brave Circle Fund was created in 2012 to help people hit by the 2012 earthquakes in Emilia-Romagna, Italy. [14] A personal endowment of 5 million euros was dedicated to setting up a micro-credit program for local people and small and medium enterprises who need help in reconstructing homes and businesses, but who normally would not have access to the traditional banking system because of their lack of guarantees. [14] At launch, Rosso said the aim was to fund "700–800 projects with €5,000–50,000 each."
In June 2008, Rosso donated HK$2,000,000 (or US$250,000) to the Special Relief Fund established by UNICEF for children affected by the 2008 Sichuan earthquake. [15]
Fendi is an Italian luxury fashion house producing fur, ready-to-wear, leather goods, shoes, fragrances, eyewear, timepieces and accessories. Founded in Rome in 1925, Fendi is known for its fur, fur accessories, and leather goods. Since 2001, Fendi has been part of the “Fashion & Leather Goods” division of the French group LVMH. Its headquarters are in Rome, in the Palazzo della Civiltà Italiana.
Diesel S.p.A. is an Italian retail clothing company, located in Breganze, Italy. It sells denim and other clothing, footwear, and accessories. The clothing line has two different brands: Diesel and Diesel Black Gold. There is also a line for children, called Diesel Kid. The company is known for its surreal advertising campaigns.
Heidemarie Jiline "Jil" Sander is a German minimalist fashion designer and the founder of the Jil Sander fashion house.
Renzo Rosso is an Italian entrepreneur and a businessman. He is the founder of Diesel and the president of OTB Group, the parent company of Maison Margiela, Marni, Viktor & Rolf, Jil Sander. In 2022, Forbes estimated his net worth to be US$3.6 billion.
Bassano Virtus 55 Soccer Team S.p.A., commonly known as Bassano Virtus or just Bassano is a football club based in Bassano del Grappa, Veneto. The first team of the club was relocated to Vicenza in 2018 as L.R. Vicenza Virtus, while the youth system of Bassano Virtus was retained in Bassano del Grappa along with Vicenza Calcio's was retained in Vicenza.
Raf Jan Simons is a Belgian fashion designer. Beginning in furniture design, Simons launched his own menswear label in 1995. He was creative director at Jil Sander (2005–2012), Christian Dior (2012–2015), and Calvin Klein (2016–2018). As of 1 April 2020, he is the co-creative director of Prada, in partnership with Miuccia Prada.
Martin Margiela is a Belgian fashion designer, artist, and founder of the French luxury fashion house Maison Margiela. Throughout his career, Margiela has maintained a low profile, refusing to grant face-to-face interviews or be photographed. Since leaving fashion in 2009, he has emerged as an artist, exploring the themes that made him an iconic figure in fashion. He is considered to be one of the most influential fashion designers in recent history for his iconic deconstructed, upcycled aesthetic and oversized silhouette.
The term designer label refers to clothing, luxury automobile manufacturers and other personal accessory items sold under an often prestigious marque which is commonly named after a designer, founder, or a location-like where the company was founded. The term is most often applied to luxury goods. While members of the upper middle class, or the mass affluent, are perhaps the most commonly targeted customers of these designer labels, some marquees—such as Cartier, Rolex, Montblanc and the haute couture — tend to a wealthier customer base. But almost every designer brand has merchandise that the middle-class wouldn't normally be able to afford, such as exotic skins, furs and hides, limited edition pieces, or things simply priced higher. Designer label companies use their smaller and cheaper merchandise, aimed at the middle class, such as wallets, fashion jewellery, key-rings and small accessories, to make the majority of their income, whilst the more expensive pieces such as haute couture, high jewellery, hand-bags, shoes and even furnishings are usually reserved for the wealthier upper-class clientele.
EDUN is a fashion brand founded by Ali Hewson and Bono in 2005 to promote trade in Africa by sourcing production throughout the continent. In 2009 EDUN became part of the LVMH group. In June 2018, LVMH sold their shares back to the founders.
Jil Sander, S.p.A. is a luxury fashion house founded in 1968 in Hamburg, Germany and currently headquartered in Milan, Italy. Founded by Jil Sander, the brand is best known for its minimalist and clean designs. The brand was acquired by Prada in 1999 and Sander subsequently departed her eponymous label due to creative differences. After several changes of ownership, the Jil Sander brand was acquired by Italian fashion group OTB in March 2021. Luke and Lucie Meier were named co-creative directors of Jil Sander in 2017, succeeding Rodolfo Paglialunga. In 2017, Ubaldo Minelli, CEO of OTB Group, was appointed CEO of the brand.
Marni Group S.r.l., commonly known as Marni, is an Italian luxury fashion house founded in 1994 by Consuelo Castiglioni in Milan, Italy. Marni was acquired by Italian fashion group OTB in 2015. Francesco Risso was appointed creative director of the brand in 2016.
Consuelo Castiglioni is a fashion designer. She is part Chilean and was born and raised in the Italian-Swiss town of Lugano, Switzerland.
Trussardi is an Italian fashion house based in Milan, Italy, and specialized in leather goods, ready-to-wear, perfumes, and accessories.
Italy is one of the leading countries in fashion design, alongside France and the United Kingdom. Fashion has always been an important part of the country's cultural life and society, and Italians are well known for their attention to dress; la bella figura, or good appearance, retains its traditional importance.
Miroglio is an Italian firm specialising in the manufacture and distribution for sale of ready-to-wear clothing. Incorporated in Alba, Piedmont, Cuneo, Italy, the Group has 30 business operations in 41 countries and 1,100 branded stores.
Stefano Rosso is an Italian businessman and the co-founder and CEO of D-CAVE, a lifestyle platform for the gaming community. He is also board member of OTB Group, the parent company of the fashion brands Diesel, Maison Margiela, Marni, Viktor & Rolf, Staff International and Brave Kid. He is also President of L.R. Vicenza. He is also the cofounder of the Red Room Party.
Sebastian Suhl is a seasoned executive who was instrumental in Prada’s retail expansion and 2011 IPO and who later became CEO of Givenchy, leading the brand to significant growth in sales and profits.
Maison Margiela, formerly Maison Martin Margiela, is a French luxury fashion house founded by Belgian designer Martin Margiela and Jenny Meirens in 1988 and headquartered in Paris. The house produces both haute couture-inspired artisanal collections and ready-to-wear collections, with the former influencing the designs of the latter. Product lines include womenswear, menswear, jewellery, footwear, accessories, leather goods, perfumes and household goods. Known for deconstructive and avant-garde designs with unconventional materials, Maison Margiela has traditionally held live shows in unusual settings, for example empty metro stations and street corners. Models' faces are often obscured by fabric or long hair to direct attention to the clothes and design. Margiela resigned as creative designer in 2009 and John Galliano was appointed to the role in 2014.
International Talent Support (ITS) is a platform created to give support and visibility to young talents in the field of fashion design, design of accessories and jewelry. The most artistic-oriented designers are also challenged with ITS Artwork, a purely artistic contest.
Mayhoola for Investments LLC or simply Mayhoola is an investment holding incorporated under the laws of the State of Qatar, and located in Doha, Qatar. The group is managed and owned by the Qatar royal family.