OTB Buys Jil Sander as Fashion M&A Heats Up | BoF Professional, News & Analysis
Italian fashion group OTB said Friday it will acquire Jil Sander from Japanese conglomerate Onward Holdings for an undisclosed sum, part of wider growth ambitions as the Diesel-owner seeks to bolster its luxury portfolio.
Luke and Lucie Meier, the creative-director duo who have designed Jil Sander since 2017, will remain in place following the deal, OTB’s president and controlling shareholder Renzo Rosso said.
The deal-making is part of a wider strategy to diversify OTB’s holdings and expand the group’s presence in high-end apparel, as its core brand Diesel struggles to regain momentum. In addition to owning the luxury labels Marni