Italian OTB aims for “significant” acquisition, still showing medium-term plan

© Reuters.

MILAN (Reuters) – OTB is aiming for a significant acquisition when the time comes, and a stock exchange listing remains a medium-term plan for the Italian fashion group, its chairman said in an interview published on Monday.

“We are in no rush. This time I would like to make a significant acquisition, and when the opportunity arises we will be able to seize it,” Renzo Rosso told Affari & Finanza-la Repubblica.

Rosso said OTB has yet to identify a brand to buy, but “we don’t want to aim for a lifestyle (brand) but rather high-end ready-to-wear.” He added that his family would retain the majority of the business he founded in a possible listing.

Warning: Fusion Media reminds you that the data contained in this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, so prices may not be precise and may differ from the actual market price. , which means that the prices are indicative and not suitable for negotiation purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


Source link

About Arla Lacy

Check Also

TravelCenters of America Exceeds Q1 EPS by 88c By Investing.com

We encourage you to use comments to engage with users, share your views, and ask …