OTB Ups Stake in Viktor & Rolf Brand

MILAN — OTB has raised its stake in the Viktor & Rolf brand to 70 percent from 51 percent. The remaining 30 percent stake will be equally split between the Dutch designers Viktor Horsting and Rolf Snoeren, who founded the brand in 1993. OTB first invested in Viktor & Rolf in 2008. The designers will remain the creative directors of the brand and board members of the company. “Viktor and Rolf are two unique voices of international fashion. Their creativity, surprising and thought-provoking, lives on consistent and immediately recognizable aesthetic codes. We believed in them 10 years ago, we believe in them even more today,” said Renzo Rosso, president of OTB, which is the parent company of Diesel, Maison Margiela, Marni, Paula Cademartori, Staff International and Brave Kid. While the amount of the transaction was not disclosed, it is part of OTB’s industrial development plan to channel investments of more than 200 million euros in the next three years, as reported, and to accelerate the growth of the brands in its portfolio. Last month, the Italian fashion group bought a stake in Amiri, the L.A.-based brand founded by Mike Amiri. In 2018, OTB revenues totaled 1.44 billion euros, a 5.2 percent decrease compared with 1.52 billion euros in 2017,

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