MILAN — Currency headwinds and substantial investments, including the acquisition of Marni, dented profitability at fashion group OTB SpA in 2013, although revenues were in line with the previous year and the foundation was set for further expansion.
In his first interview since joining the company in September as co-chief executive officer, Riccardo Stilli expressed confidence in the growth potential of the group, parent to brands Diesel, Viktor & Rolf and Maison Martin Margiela, as well as Marni. OTB also controls manufacturing arm Staff International, which produces collections for Just Cavalli, Vivienne Westwood, Marc Jacobs Men’s and Dsquared2. Stilli shares the role of co-ceo with Stefano Rosso, son of OTB founder Renzo Rosso.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)