2024 represented a year of consolidation and growth for OTB
Thanks to a long-term strategy focused on investments targeting direct channels, in 2024 the Group further strengthened its retail business both in markets where it was already present and by entering new geographical areas to seize opportunities in high-potential countries.
2024 ended with a turnover of 1.8 billion euros. Net Sales amounted to 1.7 billion, reflecting the general downturn that affected the wholesale channel. In contrast, sales increased in direct channels (+7.4%), Maison Margiela and Diesel performed satisfactorily, and the growth in highly strategic markets such as Japan (+16.3%) and North America (+13.3%) offset the slowdown in the Chinese market.
While strengthening the Group’s presence in consolidated strategic areas, in 2024, investments also focused on entering new high-growth potential geographical areas, such as the Middle East, through the joint venture agreement with Chalhoub Group to reinforce the direct presence of luxury brands in the region, and through the Group's entry into the Mexican market, by establishing a local legal entity and opening approximately 50 new stores over the next five years.
OTB has also acquired the majority stake in Calzaturificio Stephen, the Group's historical supplier and excellence in high-end footwear production.
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OTB Group is celebrating its presence in Venice with the official opening of the stores of all its brands
Reduced environmental impact: emissions down by 31% and 100% renewable energy purchased in Europe and North America Support to the supply chain, responsible materials, and social impact through OTB Foundation: the pillars of the Group's Sustainability Strategy
The Chairman and Founder of OTB Group received the Positive Change Award The Vice President of OTB Foundation was awarded the Positive Social Impact Award
