The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Italian fashion group, which also owns brands including Diesel and Marni, saw overall consolidated turnover fall 14 percent in 2020 to €1.3 billion ($1.6 billion). But revenue at Maison Margiela rose 20 percent, enjoying growth across all regions and channels.
The company’s net financial position improved last year despite the challenging business environment, and OTB has indicated it is on the hunt for new assets. Last month, the company confirmed it was conducting due diligence on a potential acquisition of German fashion house Jil Sander.
Editor’s Note: This article was revised on 10 February 2021. A previous version of this article stated that OTB Group’s consolidated turnover declined to €1.3 million. That is incorrect. It declined to €1.3 billion.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.