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    Home»Deals & Transactions»Japan’s Onward to sell Jil Sander to luxury group OTB
    Deals & Transactions

    Japan’s Onward to sell Jil Sander to luxury group OTB

    March 7, 20211 Min Read
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    Japanese apparel group Onward Holdings is selling its Jil Sander brand to OTB, the Italian luxury conglomerate that also owns labels such as Maison Margiela and Marni.

    Onward, which depends heavily on sales at Japanese department stores and has struggled with pandemic-related store closures and weak consumer spending, said it aimed to shore up its finances by exiting the unprofitable Jil Sander business.

    Read at Reuters

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