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OTB Group
Only The Brave, S.p.A., commonly known as OTB Group, is an Italian holding multinational corporation specializing in luxury goods, headquartered in Breganze. The company was founded in 2002 by Renzo Rosso as a holding company for Diesel and future acquisitions of fashion houses. OTB Group is the parent company of a number of brands, including Diesel, Maison Margiela, Marni, Jil Sander, and Viktor & Rolf. The company recorded an annual revenue of €1.53 billion in 2021. Ubaldo Minelli has been CEO of the company since 2017. History After acquiring complete control of Diesel in 1985, OTB's founder Renzo Rosso continued to grow his portfolio through the acquisition of Staff International, a fashion production, logistics, and marketing company, in October 2000. In 2002, OTB Group was founded as a holding company to invest in fashion designers and companies that lacked financial stability, but produced designs deemed creative and promising by Rosso. Then, the company acqui ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Millennium Promise
Millennium Promise, or The Millennium Promise Alliance, Inc., is a non-profit organization incorporated under the laws of the State of Delaware, dedicated to ending extreme poverty within our lifetime. Its flagship initiative is the Millennium Villages Project, which highlights how integrated, community-led development, even in some of the poorest communities across rural sub-Saharan Africa, can lead to progress in achieving the Millennium Development Goals (MDGs) and can provide communities with the basic tools and necessities to break out of poverty, on the path toward self-sustainable development. Millennium Promise oversees the Millennium Villages Project in collaboration with the Earth Institute at Columbia University and the United Nations Development Program (UNDP). Background The project reflects Millennium Promise's focus on simultaneously addressing the inter-connected challenges of poverty - which include hunger and malnutrition, disease and lack of access to health care ...
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Nonprofit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworth ...
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Mike Amiri
Mike Amiri (born ) is an American fashion designer. He is the founder, CEO and creative director of AMIRI. Career Mike Amiri grew up in Hollywood, Los Angeles. He began his career handcrafting stage pieces for musicians. He designed a capsule collection for the LA concept store, Maxfield, influenced by his rock n’ roll aesthetic. In 2014, Amiri launched his fashion line, AMIRI. AMIRI Since 2018, Amiri has been a member of the CFDA, when he was nominated for the Swarovski Award for Emerging Talent at the CFDA Fashion Awards. In 2019, Renzo Rosso's, OTB Group acquired a minority stake in AMIRI. In 2020, Amiri opened his flagship store on Rodeo Drive, Beverly Hills. Amiri currently presents a collection bi-annually at Paris Fashion Week Paris Fashion Week (french: Semaine de la mode de Paris) is a series of designer presentations held semiannually in Paris, France with spring/summer and autumn/winter events held each year. Dates are determined by the French Fashio ...
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Subsidiaries
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities for ...
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Trussardi
Trussardi is an Italian luxury fashion house based in Milan, Italy, and specialized in leather goods, ready-to-wear, perfumes, and accessories. Trussardi was founded in 1911 as a leather glove manufacturer, and expanded its line to additional leather goods in the 1970s after Nicola Trussardi took over from his uncle. In the 1980s the company started production of ready-to-wear clothing, in addition to products including perfumes and jeans. By the 1990s Trussardi was selling internationally, with its largest markets being Italy and Japan. Sebastian Suhl is CEO of Trussardi since 2020, and Benjamin Huseby and Serhat Işık creative directors since 2021. History Early days Trussardi was founded in 1911 by Dante Trussardi as a leather glove maker, selling to the public and to the Italian army during World War II until it surrendered to Allied Forces. After his death, Dante's son Giordano took over the business. In 1970, Nicola Trussardi took over from his father Giordano, after ...
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Marni (fashion House)
Marni Group S.r.l., commonly known as Marni, is an Italian luxury fashion house founded in 1994 by Consuelo Castiglioni in Milan, Italy. Marni was acquired by Italian fashion group OTB in 2015 and Francesco Risso was appointed Creative Director of the brand in 2016. History Marni was founded in Milan, Italy in 1994 by Swiss designer Consuelo Castiglioni. From 2000, the company began to open stores in high-end department stores. During this period, Marni also began a virtual store. The Castiglioni family sold 60 percent of the company to Renzo Rosso's OTB Group in 2012 before the company was fully acquired by the OTB Group in 2015. In 2016, Marni appointed Francesco Risso as Creative Director. In 2018, the company appointed Stefano Biondo as its CEO. He was succeeded by Barbara Calò in 2019.Luisa Zargani (November 27, 2019)Marni CEO Exits Brand ''Women's Wear Daily''. See also * Italian fashion Italy is one of the leading countries in fashion design, alongside France ...
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Dsquared2
Dean and Dan Caten (né Catenacci; born December 19, 1964) are Canadian fashion designers, radio personalities, and businessmen. They are identical twin brothers and the founders and owners of Dsquared², an Italian luxury fashion house based in Milan. Early life Dean and Dan Caten were born in 1964 in Toronto, Ontario and grew up in Willowdale. They have seven older siblings. Their father is from Casalvieri, a small town in Ciociaria, Lazio, Italy. In 1983, they moved to New York to study fashion at Parsons School of Design, but stayed for only one semester before returning to Toronto. Finding a financial backer in 1986, they launched their first signature womenswear collection, DEanDAN. By 1988 they had signed on to label Ports International (currently Ports 1961) as creative directors. At the same time, the Catens designed for their lower-end, leisure brand, Tabi International. In 1991, the brothers moved to Milan, Italy where they worked as designers for the house of Gi ...
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John Galliano
John Charles Galliano (born 28 November 1960) is a British fashion designer from Gibraltar. He was the creative director of his eponymous label John Galliano and French fashion houses Givenchy and Dior. Since 2014, Galliano has been the creative director of Paris-based fashion house Maison Margiela. Galliano has been named British Designer of the Year four times. In a 2004 poll for the BBC, he was named the fifth most influential person in British culture. Early life and education Galliano was born in Gibraltar to a Gibraltarian father of Italian descent, Juan Galliano, and a Spanish mother, Anita Galliano, and has two sisters. His father worked as a plumber. His family moved to England when Galliano was six, settling in Streatham and later Dulwich and Brockley in South London. He was raised in a strict Catholic family. Galliano attended St. Anthony's Primary School, Dulwich and Wilson's Grammar School in London. He went on to study at Central Saint Martins and graduated in ...
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Viktor & Rolf
Viktor & Rolf is a Dutch avant-garde luxury fashion house founded in 1993 by Viktor Horsting (born 1969, Geldrop) and Rolf Snoeren (born 1969, Dongen). For more than twenty years, Viktor & Rolf have sought to challenge preconceptions of fashion and bridge the divide between fashion and art. Viktor & Rolf have designed both haute couture and ready-to-wear collections. The duo is renowned for their avant-garde designs, which rely heavily on theatrical and performative fashion runways. Background Viktor Horsting and Rolf Snoeren first met while studying at the Arnhem Academy of Art and Design in 1989.Evans, Caroline and Susannah Frankel (2008).''The House of Viktor & Rolf''. Merrell Publishers. p.225. Upon graduation in 1992, the pair began working together and relocated to Paris. Initially, Viktor & Rolf were shunned by the fashion industry, however, the designers were received well by the art world. Art institutions such as the Groninger Museum began to acquire garments from the d ...
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Jil Sander (brand)
Jil Sander, S.p.A. is a luxury fashion house founded in 1968 in Hamburg, Germany and currently headquartered in Milan, Italy. Founded by Jil Sander, the brand is best known for its minimalist and clean designs. The brand was acquired by Prada in 1999 and Sander subsequently departed her eponymous label due to creative differences.Petra KappDesigner In Reticence" nytimes.com, 26 May 2002. After several changes of ownership, the Jil Sander brand was acquired by Italian fashion group OTB in March 2021. Luke and Lucie Meier were named co-creative directors of Jil Sander in 2017, succeeding Rodolfo Paglialunga. In 2017 Ubaldo Minelli, CEO of OTB Group, was appointed CEO of the brand. History Founded by Jil Sander in 1968, the company's first womenswear collection was launched in 1973, menswear followed in 1997. From 1974 sold her own collections alongside fashion by Sonia Rykiel, Thierry Mugler and others. The first fragrance – Woman Pure – was launched in 1979.Genevieve Buck (Se ...
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