×
103
Fashion Jobs
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - bt2, Dundrum - 18 Hours - Part-Time - Permanent
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
Mac Cosmetics - Area Sales And Education Manager (Ireland)
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
SHISEIDO
Nars Makeup Artist - bt Cork (15 Hours Fixed Term Contract)
Fixed-term · Cork
SHISEIDO
Nars Makeup Artist - bt Galway (15 Hours)
Permanent · Galway
NIKE
Nike Commercial / vm Lead (Commercial / vm Team Leader/Supervisor)
Permanent · Dublin
HUGO BOSS
Stockroom Assistant - Dublin Grafton Street
Permanent · Dublin
TAPESTRY
Temp Sales Associate 30-37.5 Hrs Per Week
Fixed-term · Kildare
L'OREAL GROUP
Lancôme Make-up Artist Arnotts Mat Leave Cover
Permanent · Dublin
TAPESTRY
Sales Associate i - ce ir Arnotts (Women) (37.5 Hours)
Permanent · Dublin
RITUALS
Rituals Advisor - Liffey Valley, Dublin - 24 Hours Per Week
Permanent · Dublin 1
Translated by
Nicola Mira
Published
Oct 8, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

OTB group granted €50 million loan by Italian government

Translated by
Nicola Mira
Published
Oct 8, 2020

The Italian government is very active in supporting local manufacturers in this delicate, post-lockdown recovery period, especially through loans issued by state-controlled investment bank Cassa Depositi e Prestiti (CDP). After granting a €15 million loan to Liu Jo, CDP has now provided fresh financing to Italian fashion group OTB.


OTB’s headquarters in Breganze, northern Italy - OTB


OTB, which is owned by Renzo Rosso and includes among its proprietary labels Diesel, Maison Margiela, Marni, Viktor & Rolf and Amiri, has secured a loan worth €50 million to support its expansion and development plans, as the group itself and CDP have announced in a joint press release. Despite the fact that 2020 is an extremely complex year, with fierce competition across the entire fashion industry, OTB confirmed that it still intends to pursue the expansion plans drawn up before the outbreak of the Covid-19 pandemic.

“CDP's intervention is a concrete help for the growth strategy that the OTB group is engaged in, in Italy and abroad. The operation is proof, all the more significant in these complex times and for the sectors most affected by the pandemic, of the key role CDP can play in bolstering leading Italian groups, groups that operate on a global scale and regularly undertake sizeable investments to continue to innovate, grow and expand internationally,” said Nunzio Tartaglia, head of CDP’s Private Business division.

In 2019, OTB was the fourth-largest Italian fashion group, after Prada, Giorgio Armani and Salvatore Ferragamo. Last year, the group recorded a revenue of €1.540 billion, growing 6.4% over 2018, and EBITDA worth €190 million, while its net cash position as of December 31 was €124 million.

Again last year, OTB acquired Californian luxury denim label Amiri, and increased the stake it holds in Viktor & Rolf from 51% to 70%. The group also owns Brave Kid, a childrenswear specialist, and Staff International, the company that produces and distributes Marni and Margiela, as well as a series of licensed labels like Dsquared2, Just Cavalli and Koché.

Copyright © 2021 FashionNetwork.com All rights reserved.