Diesel Parent Company'S First Acquisition Of Handbag Brand Paula Cademartori

Recently, Diesel parent company OTB bought the first pen in SpA2016.

It is a small one that has been established for only 5 years but has been followers.

Accessory designer brand Paula Cademartori.

The main brand of the brand

And accessories, all made in Italy, are priced at Euro 1000-2500, with annual sales of about 5 million euros.

Renzo Rosso, founder and President of OTB SpA, said designer Paula Cademartori is infectious, and the product is not only of high quality but also distinctive.

He stressed that after the company holding Paula Cademartori brand, the designer will still freely create new products under the structural support of the group.

OTB SpA also has Maison Margiela, Marni and Diesel, Viktor & Rolf and other brands, and holds Maison Margiela trademark rights Neuf Neuf and children's clothing production agent.

In the 2015 fiscal year, the group's net profit fell by 36% to 3 million 500 thousand euros, while its revenue rose by only 1.9% to 1 billion 590 million euros compared with 1 billion 560 million euros in 2014.

OTB SpA acquired all the equity interest in Marni in 2015.

Consuelo Castiglioni, founder and chief creative director of Marni, announced her resignation. OTB SpA issued a statement saying that the departure of Consuelo Castiglioni was "her own decision". The company said it would continue to extend the original brand vision of Consuelo Castiglioni.