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By
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Published
May 24, 2021
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Italy's OTB aims for "important" acquisition, listing still a medium-term plan

By
Reuters API
Published
May 24, 2021

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.


OTB owns brands including Marni - Photo: Marni - Fall-Winter 2020 - Womenswear - Milan - © PixelFormula



"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.

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