OTB Aims for ‘Important’ Acquisition, Listing Still a Medium-Term Plan, Says Chairman Renzo Rosso

OTB Aims for ‘Important’ Acquisition, Listing Still a Medium-Term Plan, Says Chairman Renzo Rosso

Renzo Rosso. Michael Hemy for BoF.

OTB aims for an important acquisition when the time is right and a bourse listing remains a medium-term project for the Italian fashion group, its chairman said in an interview published on Monday.

“We are not in a rush. This time I would like to carry out a significant acquisition, and when the opportunity comes along we’ll be able to seize it,” Renzo Rosso told Affari & Finanza – la Repubblica.

Rosso said OTB had not identified a brand to buy yet, but “we don’t want to aim for a lifestyle [brand] but rather high-end pret-a-porter.” He added his family would hold onto a majority of the company he founded in a possible listing.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0