Renzo Rosso's OTB buys Jil Sander brand

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Italian fashion businessman Renzo Rosso's Only the Brave (OTB) holding company, which owns the Diesel brand, has reached an agreement to buy the Jil Sander fashion house from Japan's Onward Holdings.

"I have always looked at Jil Sander with respect and admiration. Despite changes in ownership and creative direction, the brand has remained faithful to the vision of its founder, with a great attention to beauty and product quality, with an unmistakable minimalist approach," comments Renzo Rosso, president of Otb, continuing, "Welcoming this timeless diamond into our group of unique and unconventional maisons is an honor and a long-term commitment.". Italian entrepreneur Renzo Rosso said to italian economic newspaper ILSOLE24ORE

The details of the operation, which is set to be finalized by the end of the month, have not been revealed at the moment.

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