Despite a decline in revenue and EBITDA last year, the Italian group is satisfied with its performance, driven by Maison Margiela with its new creative director, Glenn Martens. And it continues to invest generously, particularly in design, to prepare for the future.
In a difficult environment for luxury goods, OTB continues to believe in creativity. Even if it means taking a temporary hit…
The Italian group, which renewed the artistic direction of three of its brands in 2025 with the arrival of Glenn Martens at Maison Margiela and Simone Bellotti at Jil Sander in the first quarter, and Meryll Rogge at Marni, saw its revenue decline by 4.8% at constant exchange rates to €1.6 billion, and its EBITDA collapse by 14% to €237.3 million, representing a margin of 15.1% on net revenue.
Resilience in a complex environment
Nevertheless, Ubaldo Minelli, the group’s CEO, says he is “particularly proud of the resilience” the group has ‘demonstrated’ at a time when “2025 will probably be remembered as one of the most complex years for the fashion industry.”
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Featured photo: © Diesel
