The chairman and main shareholder of the OTB group, which also owns the Maison Margiela brand, told the press that sales have increased by 20 percent in the past few months. Renzo Rosso associates the growing performance with the arrival of John Galliano in the company.
For the first time, the news that John Galliano will become the head of Maison Margiel appeared in October last year and immediately created a real buzz around the brand. Renzo Rosso says that sales began to grow back then and have now increased by 20 percent. At the same time, the founder of Diesel and the main shareholder of the OTV group of companies says that this is not a ceiling.
“John is a true professional and I'm so happy to work with him,” Renzo adds from his company headquarters an hour's drive from Venice. - He is not a designer, but a true couturier. He has a pyramidal mind and knows how to turn a couture concept into ready-to-wear."
Currently, Maison Margiel's sales exceed 100 million euros. The brand became profitable in 2013 after more than ten years under the OTB wing. In 2014, OTB's revenues fell to 117 million euros from 138 million in 2013. Net sales were up just 1.2 percent, with 65 percent of all sales coming from Diesel, led by Nicola Formichetti. Now, it looks like things are uphill again.
