OTB acquires the footwear provider behind the Margiela Tabi

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OTB has acquired a majority stake in Italian footwear provider Calzaturificio Stephen, which has been working with the group for 20 years producing key items just like the Margiela Tabi.

OTB, father or mother firm of Diesel, Maison Margiela and Jil Sander, stated that is a part of a wider technique to accumulate educated suppliers throughout classes and enhance provide chain efficiencies, whereas additionally supporting native craftsmanship. Calzaturificio Stephen marks its second provider acquisition, alongside Florentine leather-based items atelier Frassineti, which it acquired in Might 2023.

The phrases of the deal — which was bought by way of OTB’s productions and logistics hub, Employees Worldwide — weren’t disclosed. Alongside his siblings Antonella and Valeria, Stefano Bertollo will proceed to guide as CEO of the corporate his father Francesco based in 1967. OTB’s funding will present the provider with assets to additional its improvement relating to expertise, innovation and sustainability.

Luxurious manufacturers have been betting on a extra vertical provide chain to realize larger management, higher margins and elevated velocity to market. In 2023, Burberry acquired its technical outerwear provider Sample; Chanel and Brunello Cucinelli every acquired a 24.5 per cent stake in cashmere provider Cariaggi Lanificio; and Prada and Ermenegildo Zegna every acquired a 15 per cent stake in Italian knitwear producer Luigi Fedeli e Figlio.

As OTB eyes a possible IPO, its provide chain acquisitions stand as a method to construct resilience towards macroeconomic headwinds. The group had a robust yr in 2023: full-year income reached €1.9 billion, up 10.2 per cent in comparison with 2022.

“OTB’s manufacturers are identified all around the world for the originality, creativity and craftsmanship of their merchandise, due to the usage of uncooked supplies of the very best high quality and the talents of our specialists, masters of savoir faire,” stated OTB chairman and founder Renzo Rosso in an announcement. “Made in Italy turned our trademark, due to an in depth collaboration with the businesses in our unimaginable provide chain: a singular asset that makes us extraordinarily aggressive on worldwide markets. This is the reason as a gaggle we spend money on native gamers who’ve constructed the popularity of Italian trend around the globe, to ensure their development and more and more sustainable improvement.”

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