OTB Group announces its upcoming IPO

Piazza Affari, the Milan Stock Exchange, has been abuzz since Ubaldo Minelli, CEO of OTB (Jil Sander, Maison Margiela, Viktor&Rolf, Diesel, Marni…), announced the Italian group's IPO by 2025.

For some years now, the holding company's strategy has been aimed at a stock market listing and has implemented various projects to improve the group's image and cohesion. First and foremost, OTB is strongly committed to sustainability, accompanied by the slogan 'Be responsible, be brave'.

Among the objectives in the ecological field, the company is committed to a significant reduction of harmful emissions. This initiative concerns all of the group's activities and should enable OTB to achieve a zero carbon footprint by 2030.

The holding company founded by the eclectic Italian entrepreneur Renzo Rosso is also developing a partnership with Unido (United Nations Industrial Development Organisation) to implement a project to create a circular zero emission business system. The project with Unido foresees, among other things, the reuse of fabric scraps which will be treated as a resource and used to make new garments. The circular dynamic will thus involve the entire supply chain.

The financial performance of the OTB Group has been very positive in recent years. In 2021, the luxury holding company posted a turnover of 1.53 billion euros: a growth of 55% compared to 2019, which completely erased the economic suffering and stagnant results due to the two years of pandemic.

In preparation for the stock market listing, OTB presented a first report focusing on projects and environmental and social commitments. The Italian group is also looking to expand and assert its leadership in the field of metavers and web 3.0. OTB is one of the founders of the Aura blockchain consortium, alongside other luxury giants such as LVMH and Cartier. It is also behind the creation of the BVX centre of excellence, dedicated to Web3 and metaverse initiatives.