By  on April 15, 2019

MILAN — In the words of OTB chief executive officer Ubaldo Minelli, 2018 was one of “voluntary resetting,” but there could me some M&A activity ahead.

While the Italian company is going through a reorganization, which includes Diesel USA filing for Chapter 11, Minelli said “specific measures [are] taken to create the right conditions for a sustainable development of our business. OTB has a clear vision of its long-term objectives, a strategy focused on achieving them, and an important investment plan to accelerate the growth of the brands currently in our portfolio. Our net equity and current financial position will allow us to continue to explore new opportunities.”

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