OTB Group Acquires Stake in Leathergoods Manufacturer

Published on:
by KnowESG
KnowESG_Jil Sander
Image courtesy of Jil Sander

Italian fashion group OTB has acquired a majority stake in Frassineti, a Florence-based leather goods manufacturer.

Frassineti has been a long-term supplier of Jil Sander, one of OTB's star portfolio brands. This acquisition is part of a growing trend among luxury groups to invest in their supply chain and maintain valuable skills and ensure timely production.

OTB, in a statement, said it is committed to promoting Italian craftsmanship and excellence. Through their subsidiary, Staff International, OTB plans to optimise the excellence of the Made in Italy supply chain, safeguard it, and pass on the savoir-faire.

Gaia Frassineti will remain the Managing Director at Frassineti, and OTB will support the factory in transitioning to a more sustainable business model, using its technological know-how and sustainability expertise.

Renzo Rosso, the Chairman and Founder of OTB Group, stated their luxury brands prioritise craftsmanship and high-quality raw materials, made possible through collaborations with companies like Frassineti. Rosso believes that investing in such companies and expertise is crucial for Italy's future.

For more company-related news

Source: OTB Group

Featured Article: 13 Sustainable Designers And Luxury Fashion Brands You Need To Know

Share:
esg
esg
esg
esg

Companies Headlines

Lego Drops Oil-Free Brick Goal

Lego Drops Oil-Free Brick Goal

China: Reinvention Key to Sustainable Growth

China: Reinvention Key to Sustainable Growth

Elyse Energy Secures e-Fuels Funding from Hy24, Mirova

Sustainalize Now Fully Under ERM

Nelson-Jameson Sets New ESG Goals for Sustainability

Nestlé Exploring Upcycled, Low-Carbon Fertiliser

ATRenew Joins the United Nations Global Compact

Mars Net Zero Roadmap: 50% Emissions Cut by 2030

Lenovo Joins UN Initiative to Up Progress on SDGs

TCS' LCA Tool to Track Product Environmental Impact