OTB Growth Falters As Annual Sales Fall More than 4%

Italian group OTB is the latest luxury conglomerate to report a downturn in sales for the full year 2024. The group, which owns Maison Margiela, Diesel, Jil Sander, Marni, and Viktor & Rolf, reported a turnover of $1.88 billion USD and an overall decrease of 4.4% in sales across all brands. Both Margiela and Diesel saw individual increases in sales, reporting growths of 4.6% and 3.2%, respectively, although these successes were not able to cushion the stagnation felt by the group's other brands ...