Only The Brave, S.p.A., commonly known as OTB Group, is an Italian holding

multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...

specializing in

luxury goods In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of ove ...

, headquartered in

Breganze Breganze is a town in the province of Vicenza, Veneto, Italy. It is northeast of Via Romea. During World War II, the Germans were on one side of the river and the Allies were on the other, and a firefight occurred across the river. Breganze DOC T ...

. The company was founded in 2002 by Renzo Rosso as a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

for Diesel and future acquisitions of fashion houses. OTB Group is the parent company of a number of brands, including Diesel, Maison Margiela,

Marni The name Marni originates from several languages, including Hebrew, meaning "rejoice", and Latin as a variant of "Marina (given name), Marina", meaning "of the sea". It also has derivations from Goidelic languages, Gaelic and Swahili language, Swa ...

, Jil Sander, and Viktor & Rolf. The company recorded an annual revenue of €1.9 billion in 2023. Ubaldo Minelli has been CEO of the company since 2017.

History

After acquiring complete control of Diesel in 1985, OTB's founder Renzo Rosso continued to grow his portfolio through the acquisition of Staff International, a fashion production, logistics, and marketing company, in October 2000. In 2002, OTB Group was founded as a

to invest in fashion designers and companies that lacked financial stability, but produced designs deemed creative and promising by Rosso. Then, the company acquired French luxury fashion house Maison Margiela in 2002 and Dutch luxury fashion house Viktor & Rolf in 2008. In 2011, Brave Kid was founded as a subsidiary of OTB Group that specializes in the product development, production, and distribution of licensed premium children's clothing and accessories. Brave Kid holds license agreements with Diesel,

John Galliano John Charles Galliano (born 28 November 1960) is a British fashion designer. He was the creative director of his eponymous label John Galliano and French fashion houses Givenchy and Dior. From 2014 to 2024, Galliano was the creative director ...

, Dsquared²,

, N21 and Trussardi. Italian luxury fashion house

was acquired in 2012, followed by Amiri in 2019 and Jil Sander in 2021. In 2023, OTB Group acquired a majority stake in leather goods manufacturer Frassineti, long-term supplier of the Jil Sander brand.

Subsidiaries

A list of OTB Group's wholly or partially owned brands and

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

. * AMIRI * Brave Kid * Diesel * Jil Sander * Maison Margiela *

* Staff International * Viktor & Rolf

Philanthropy

OTB Foundation

OTB Foundation is a

not-for-profit A not-for-profit or non-for-profit organization (NFPO) is a Legal Entity, legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. While not-for-profit organizations and Nonprofit organ ...

organization founded in 2008 to contribute to the sustainable development of less advantaged areas. In 2009, Rosso, together with Millennium Promise, started supporting the development of the Only The Brave Millennium Village, in Dioro, Mali. Established in 2005, Millennium Promise non-profit organization solely committed to supporting the achievement of the Millennium Development Goals to halve extreme poverty by 2015. In February 2012, Rosso was invited by the Permanent Mission of

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

to the

United Nations The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and internationa ...

to host a press conference at The United Nations together with Jeffrey Sachs, Director of The Earth Institute at

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

and Special Advisor to The United Nations' Secretary-General

Ban Ki-moon Ban Ki-moon (born 13 June 1944) is a South Korean politician and diplomat who served as the eighth secretary-general of the United Nations between 2007 and 2016. Prior to his appointment as secretary-general, Ban was the South Korean minister ...

, about the progress of Millennium Promise and OTB Foundation. The Brave Circle Fund was created in 2012 to help people hit by the 2012 earthquakes in

Emilia-Romagna Emilia-Romagna (, , both , ; or ; ) is an Regions of Italy, administrative region of northern Italy, comprising the historical regions of Emilia (region), Emilia and Romagna. Its capital is Bologna. It has an area of , and a population of 4.4 m ...

. A personal endowment of 5 million euros was dedicated to setting up a micro-credit program for local people and small and medium enterprises who need help in reconstructing homes and businesses, but who normally would not have access to the traditional banking system because of their lack of guarantees. At launch, Rosso said the aim was to fund "700–800 projects with €5,000–50,000 each." In June 2008, Rosso donated HK$2,000,000 (or US$250,000) to the Special Relief Fund established by

UNICEF UNICEF ( ), originally the United Nations International Children's Emergency Fund, officially United Nations Children's Fund since 1953, is an agency of the United Nations responsible for providing Humanitarianism, humanitarian and Development a ...

for children affected by the

2008 Sichuan earthquake An earthquake occurred in the province of Sichuan, China at 14:28:01 China Standard Time on May 12, 2008. Measuring at 8.0 (7.9–8.3 ), the earthquake's epicenter was located boxing the compass, west-northwest of Chengdu, the provincial ...

References

{{reflist OTB Group Clothing companies of Italy Italian companies established in 2002 Multinational companies headquartered in Italy