Il Otb Group (acronym for Only The Brave), an Italian fashion holding company led by Renzo Rosso, through its subsidiary Staff International, has acquired a majority share di Stephen shoe factory, historic Italian manufacturer of high-end footwear for women and men. Stephen has already been a strategic supplier to the group for over twenty years.
Otb's expansion policy in view of the stock exchange
The acquisition of Calzaturificio Stephen by the Otb Group is part of the expansion strategy of the group, aimed at obtaining the know-how from the best Made in Italy excellences in key product categories. The transaction aligns with OTB Group's long-term strategy acquire skills and production capabilities of high quality in strategic sectors for the development of its brands. Over the years, the Group has provided strong support to the Italian supply chain through initiatives such as the CASH project and communication campaigns such as MADE (Made in Italy, Made Perfectly), promoting Italian excellence in Made in Italy. OTB's expansion is also a step towards the IPO scheduled for 2025.
The Stephen Shoe Factory
The entry into the capital of Calzaturificio Stephen by the Group will ensure a faster and more stable growth of the Venetian footwear company, founded in 1967 by Francesco Bertollo. Otb will thus join the founding entrepreneurial family, represented by the three brothers Stefano, Antonella and Valeria Bertollo, who will continue to manage the company by exploiting their know-how and technical skills, providing resources for the technological, digital and sustainable development of the agency. Stefano Bertollo He will remain CEO, leading a company with 70 employees and significant growth potential.
“OTB brands are recognized worldwide for the originality, creativity and craftsmanship of the garments, thanks to the use of the highest quality raw materials and the skills of our masters of know-how. We have made Made in Italy our trademark, thanks to the close collaboration with the companies in our incredible supply chain: a unique wealth that makes us extremely competitive on an international level. - he has declared Renzo Rosso, President and Founder of Otb – For this reason as a Group we choose to invest in local businesses that make Italian fashion great in the world, to guarantee them continuous growth and increasingly sustainable development".
