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Reuters
Published
May 4, 2023
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Italy's fashion group OTB buys leather manufacturer Frassineti

By
Reuters
Published
May 4, 2023

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.

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