The goal of the “new strategic plan” is to double the brand’s sales to approximately 200 million euros within three years.

According to the official schedule, there will be a total of 165 events, including 59 fashion shows (54 in-person shows and 5 digital shows), 70 exhibitions, 7 presentations by appointment, and 29 cultural events.

OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.

2022 was a good year for the Italian fashion industry, where the sector’s turnover reached its highest level in twenty years. 

Chanel continues to invest in Italy, acquiring eight local companies in three years.

Norda not only fills the niche market targeted by Zegna Group but also fits the Group’s high-end positioning. 

Annual Net sales amounted to Euro 1076.7 million, slightly ahead of the 1-billion-euro target disclosed by the company in August.

Paolo Aimino, EY Italy market leader, and Frederico Bonelli, EY Western Europe retail, fashion, and luxury leader, noted that “After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% and 61% by number of deals and proceeds, respectively, year-over-year (YOY).”

Over the past month, the Italian luxury brand Etro has opened four stores successively in Chengdu Sino-Ocean Taikoo Li, Chengdu SKP, Beijing DT51, and WS Mall Wuhan International Plaza, fully accelerating its expansion in the Chinese market.