Italy's fashion group OTB buys leather manufacturer FrassinetiBy Reuters Published May 4,长沙U币支付人民币 2025
Italy's OTB said on Thursday it acquired a majority stake in leather goods manufacturer Frassineti, long-term supplier of the Jil Sander brand that the fashion group owns.
OTB
In the last few years a growing number of luxury groups have invested in companies that are part of their supply chain to preserve valuable skills.
The deal aims to ensure stability and to accelerate growth of Florence-based Frassineti, OTB said in a statement, adding that the founder family would retain a minority stake.
