OTB Group Reports Growth at Key Brands
OTB Group, the parent company of Diesel and Maison Margiela, reported resilience and growth in its core brands for 2025 despite global economic headwinds. CEO Ubaldo Minelli credited the performance to a focus on creativity and the strength of the company's heritage brands in navigating market uncertainty.
- In 2025, OTB Group's total revenue was €1.7 billion, representing a 4.8% decrease at constant exchange rates compared to the previous year, with net sales amounting to €1.6 billion. - Maison Margiela was a standout performer, with sales growing by 8.4% in 2025, continuing its positive development trajectory. - Diesel achieved its highest level of profitability in the last decade, a result attributed to significant investments in the brand's repositioning in recent years. - The year 2025 marked a period of creative renewal with the appointment of new creative directors for several key brands: Glenn Martens at Maison Margiela, Simone Bellotti at Jil Sander, and Meryll Rogge at Marni. - Geographically, OTB saw growth in North America (up 5.9%) and the Middle East (up 9%), while Japan, accounting for over 27% of total revenue, remained a stable and positive market. However, the group experienced a slowdown in the Chinese and European markets. - The group's direct channels, including retail stores and e-commerce, saw their aggregate share of total sales grow to 60%, even as combined revenue in these channels decreased by 2.6%. - OTB's founder, Renzo Rosso, has emphasized a long-term strategy focused on creativity and building durable brand codes over chasing short-term hype. - The planned Initial Public Offering (IPO) for the OTB Group has been postponed to 2026, with the company waiting for more favorable market conditions to ensure the listing meets investor expectations.
