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Yesterday, in Milan, the Italian fashion group unveiled its first sustainability report. The occasion to announce its probable IPO.
“We have been thinking for some time about taking the Otb Group public. This has always been our ambition. We are aiming for a timing between late 2024 and early 2025,” said the group’s CEO, Ubano Minelli. Otb owns five brands (Diesel, Margiela, Vitkor & Rolf, Marni and Jil Sander) and two manufacturing companies (Staff International and Brave Kid).
Ubano Minelli added that the sustainability report was one of the measures taken by Otb, with a view to an IPO: “We wanted to anticipate the regulations that do not require this document to be mandatory for unlisted companies.”
This report is “a starting point” according to the group’s founder, Renzo Rosso: “Sustainability does not mean making a bag with recycled plastic, it is a state of mind that, among other things, gives back to the world some of what we have earned.”
Renzo Rosso thus gave a sustainability account of the group’s activities.
Sara Mariani, the group’s general manager of sustainability, explained, “In 2021, 41% of the electricity used in the company’s internal operations came from renewable sources and we are working to activate carbon neutrality in our operations by 2030. Most importantly, we are imagining and trying to implement a new system based on circularity.”
Traceability as well as circularity are the priorities: “The idea is to create a supply chain traceability platform. 96% of the group’s environmental impact is due to raw materials, which is why we want to favor local materials,” adds Sara Mariani.
Other aspects of the report highlight social impact, which includes diversity, inclusion and workers’ rights. But also supply chain support, which helps companies that work with Otb Group.
Ethical development and IPO. For the Italian group, sustainable commitment is not incompatible with the rules of capitalism.
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Yesterday, in Milan, the Italian fashion group unveiled its first sustainability report. The occasion to announce its probable IPO.
“We have been thinking for some time about taking the Otb Group public. This has always been our ambition. We are aiming for a timing between late 2024 and early 2025,” said the group’s CEO, Ubano Minelli. Otb owns five brands (Diesel, Margiela, Vitkor & Rolf, Marni and Jil Sander) and two manufacturing companies (Staff International and Brave Kid).
Ubano Minelli added that the sustainability report was one of the measures taken by Otb, with a view to an IPO: “We wanted to anticipate the regulations that do not require this document to be mandatory for unlisted companies.”
This report is “a starting point” according to the group’s founder, Renzo Rosso: “Sustainability does not mean making a bag with recycled plastic, it is a state of mind that, among other things, gives back to the world some of what we have earned.”
Renzo Rosso thus gave a sustainability account of the group’s activities.
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Yesterday, in Milan, the Italian fashion group unveiled its first sustainability report. The occasion to announce its probable IPO.
“We have been thinking for some time about taking the Otb Group public. This has always been our ambition. We are aiming for a timing between late 2024 and early 2025,” said the group’s CEO, Ubano Minelli. Otb owns five brands (Diesel, Margiela, Vitkor & Rolf, Marni and Jil Sander) and two manufacturing companies (Staff International and Brave Kid).
Ubano Minelli added that the sustainability report was one of the measures taken by Otb, with a view to an IPO: “We wanted to anticipate the regulations that do not require this document to be mandatory for unlisted companies.”
This report is “a starting point” according to the group’s founder, Renzo Rosso: “Sustainability does not mean making a bag with recycled plastic, it is a state of mind that, among other things, gives back to the world some of what we have earned.”
Renzo Rosso thus gave a sustainability account of the group’s activities.
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