Renzo Rosso and Arianna Alessi honoured at Monte-Carlo Fashion Week
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
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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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
• The OTB Group grants its employees paid leave hours to engage in volunteer activities at nonprofit organizations supported by OTB Foundation, the Group's non-profit organization. • The first edition of Brave to Care saw broad participation, involving employees from the Group's Italian offices, with over 700 hours of volunteer work donated, and a second edition already confirmed. • OTB Foundation will support other companies in launching volunteer programs.
OTB is renewing its sponsorship of ITS Contest 2025, an initiative launched in 2002, which over the years has discovered many of the most talented designers in the international fashion industry