SHANGHAI, Oct 17 (Reuters) – OTB Group, the parent of Italian denim specialist Diesel and owner of luxury brands including Maison Margiela, is positive on the Chinese market and is investing more in it, founder and chairman Renzo Rosso said.
Rosso, in China to mark Diesel’s 20 years in that market, said he is continuing to invest in China in a down market, rejigging OTB’s retail footprint by closing some stores, but continuing to open in new and better locations.
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Diesel brand owner OTB is positive on China and in no rush to IPO
