The fashion group continues to eye an IPO and last year invested in its retail network and saw gains in Japan and North America.

Christian Louboutin first remembers John Galliano 40 years ago, making his first, tentative steps in Paris, the city of dreams, the city of fashion. “He was an excited English fashion student, but also very, very excited by Paris,” Louboutin recalls, “He was always saying, ‘I love Paris, and Paris loves me!’ And Paris really loved him.”

Italian group OTB is the latest luxury conglomerate to report a downturn in sales for the full year 2024. The group, which owns Maison Margiela, Diesel, Jil Sander, Marni, and Viktor & Rolf, reported a turnover of $1.88 billion USD and an overall decrease of 4.4% in sales across all brands.