BREAKING: The owner of Diesel and Margiela is acquiring the label from Japanese fashion group Onward.
The owner of Diesel and Margiela is acquiring the label from Japanese fashion group Onward.
March 5, 2021 08:37OTB, the Italian fashion group whose brands include Diesel and Maison Margiela, has agreed to acquire the Jil Sander brand from Japanese conglomerate Onward Holding for an undisclosed sum, the company said Friday.Milan-based Jil Sander was founded in Germany in 1968, and is known for its rigorous, minimal approach to ready-to-wear fashion. The brand has been designed by creative-director duo Luke and Lucie Meier since 2017.
Stay tuned for BoF updates to this developing story. Read more: The Business of Fashion »
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Passing legacies around like party joints. Gotta love the free market.