OTB posts 14 percent drop in full year turnover

otb posts 14 percent drop in full year turnover

Sumary of OTB posts 14 percent drop in full year turnover:

  • OTB group, parent to Diesel, Maison Margiela, Marni, Viktor&Rolf, Amiri, Staff International and Brave Kid closed the financial year 2020 with consolidated turnover decrease of 14 percent from the previous year to 1,317 million euros, with net revenues of 1,238 million euros..
  • Diesel, in part due to the launch of omnichannel Moon platform, saw direct e-commerce sales proportion rise to 13.3 percent of overall revenues, compared with 7.9 percent in 2019…

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