OTB goes shopping in the province of Florence and takes over the majority of the historical Frassineti leather goods. Renzo Rosso's international fashion group, through its subsidiary Staff International, has acquired a share of majority of the historic Florentine leather goods company Frassineti, already a strategic and long-term supplier for the Jil Sander brand. The founding entrepreneurial family, he explains in a note, will maintain a minority stake and Gaia Frassineti will continue to cover the role of managing director in the company's development path.
Staff International, industrial platform for some of the labels in OTB's portfolio, thus strengthens its network of suppliers, now made up of over 800 companies based in Italy. "Thanks to this operation, the Group will make its expertise in the field of technological and digital innovation and sustainability available to Frassineti, accompanying the company towards an increasingly responsible business model".
Rosso (OTB): "These companies and skills are the strength of our country"
“Our Group's brands in the luxury sector share a strong focus on the craftsmanship of the garments and the use of the highest quality raw materials, an aspect made possible only by collaboration with companies such as Frassineti, which make the sector's supply chain unique fashion in Italy and in the world. It is these companies and these skills that make our country strong and it is in them that we must continue to invest - he declared Renzo Red -. OTB has always done it, supporting companies in a path of growth and enhancement of the excellence of our country. We are very proud to be able to work with Gaia, another young and talented woman who joins our Group and who represents an example of how a second generation of entrepreneurs can continue to pass on the tradition, culture and entrepreneurial spirit of the own family".
