"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
<\/p>\n
OTB (Only the Brave) is continuing its strong momentum<\/strong>. Helped by strong sales growth in North America and Asia-Pacific, the Italian group with a rich and varied portfolio of fashion houses (Diesel, Maison Martin Margiela, Marni, Jil Sander, Viktor & Rolf …) posted an annual turnover up 12% to 1.74 billion euros ($ 1.87 billion)<\/strong>.<\/p>\n <\/p>\n In addition, the Italian group posted a net profit of 105 million euros for 2022, up 72% from 2021<\/strong>.<\/p>\n <\/p>\n “Forecasts for the coming years indicate continued growth for the entire luxury industry,<\/em>” said OTB Chairman Renzo Rosso.<\/p>\n <\/p>\n <\/p>\n After the creation of a company in the metaverse in 2021, the Italian luxury group had announced last September that it wanted to go public in early 2025<\/strong>: “We have been thinking about going public for a while, it has always been our ambition<\/em>” said Ubaldo Minelli, CEO of the group.<\/p>\n <\/p>\n Some time later, the company presented a first report, dedicated to its impact and ambitions in terms of environment and social commitments.<\/p>\n <\/p>\n More recently, Only the Brave joined the Fashion Pact, which brings together several fashion and luxury companies making commitments to reduce their environmental impact. A membership that represents another step forward in the group’s sustainability strategy.<\/p>\n <\/p>\n More recently, the group has confirmed its interest in potential acquisitions<\/strong>, without disclosing any names for the moment.<\/p>\n <\/p>\n Read also >OTB aims for an initial public offering<\/a><\/p>\nThriving projects<\/h2>\n