• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Diesel Business Is Weak, Resulting In Surplus Revenue Of Parent Company.

    2019/4/23 13:36:00 12274

    Diesel

    Although Diesel's weakness in its biggest business led to the continued contraction in revenue of OTB SpA last year and from profit to loss, the Italy fashion group said that it planned to invest 200 million euros in the next three years based on a substantial improvement in its financial position and did not rule out mergers and acquisitions.

    In 2018, OTB SpA continued to promote the "voluntary reset" of chief executive Ubaldo Minelli, and adopted "specific measures", including the bankruptcy and reorganization of Diesel business in the US, so as to create suitable conditions for the sustainable development of the group business.

    He stressed that the current group's net assets and financial position allow "exploring new opportunities".

    OTB SpA has been confirmed to be interested in acquiring RobertoCavalli SpA, a Italy luxury group now under the protection of creditors.

    In the fiscal year ending December 31, 2018, OTB SpA revenue fell 5.2% to 1 billion 439 million euros, and the fixed exchange rate decreased by 3.2%.

    The group points out that the designer's business covering Marni, Maison Margiela and Viktor & Rolf and the two garment manufacturers Staff International and Brave Kid have "positive overall trend and revenue growth".

    The adjusted EBITDA decreased by 21% to 41 million 500 thousand euros a year.

    Regular business recorded a net loss of 26 million euros, while in 2017 fiscal year, the group achieved a net profit of 3 million euros.

    By the end of the year, net assets of OTB SpA were 885 million euros, and net positions increased by 32% to 111 million euros.

    Apart from M & A, the investment budget of 200 million euros will also be used to strengthen the distribution of all brands of OTB SpA in various channels and markets, and to add 180 outlets to expand the retail network. In addition, it will also include the restructuring cost of Diesel, especially in the United States to rebuild its brand, increase its growth in Europe and maintain the strong momentum of Asia.

    Diesel's high-end product line Diesel Black Gold will start from the autumn and winter of 2019 and merge into the main line, instead of the third party cooperation plan that the luxury brands have been involved in recent years.

    So far, the brand has been launched by Diesel Red Tag planning jointly with New York high-end Chao brand Hoodby Air co founder Shayne Oliver and Y/Project creative director Glenn Martens launch capsule series. The series of cooperation with Russian designer GoshaRubchinskiy is also to be released in May.

    OTB SpA also needs to find a new CEO for Diesel.

    After the former CEO Alessandro Bogliolo and the October 2017 job hopping Tiffany& Co. (NYSE:TIF) Tiffany became CEO, the successor Marco Agnolin also left at the end of last month.

    In the United States, Diesel Diesel USA Inc., which has 17 main stores and 11 factory discount stores, filed for bankruptcy in early March. The company made clear in court documents the main causes of sales collapse, successive losses, high rent and fraud and theft.

    Retail sales have dropped by more than 40% over the past four years, from $125 million in 2014 to $72 million 500 thousand.

    At the same time, the former management made a strategy to expand the gold area at great cost. In the 2008-2015 years, the capital expenditure of the company reached US $90 million, most of which invested in the physical stores.

    Since 2008, Diesel USA Inc. has no longer recorded profits, operating losses totaling US $198 million over the past eleven years.

    After the financial crisis, the company recorded the highest income of $221 million in 2012, and dropped to $104 million in 2018, of which wholesale sales fell from US $69 million in 2014 to US $19 million in 2018.

    OTB SpA, founder and chairman of Renzo Rosso's son Stefano Rosso, is the chief executive officer of Diesel USA Inc..


    Source: no fashion Chinese net: Lin Biying

    • Related reading

    Three Children Of Only Parent Company CEO Were Killed In The Sri Lanka Explosion.

    Instant news
    |
    2019/4/23 13:36:00
    11189

    Starting Shares To Buy 88.57% Stake In Zhui Technology

    Instant news
    |
    2019/4/23 13:35:00
    12658

    Fast Fashion Children'S Rally, Why Did Not Break Through?

    Instant news
    |
    2019/4/23 13:35:00
    12473

    Bosideng Shares Hit A Eight Year High Annual Meeting, The Next Ten Years.

    Instant news
    |
    2019/4/23 13:35:00
    12563

    The $100 Sneakers Are A Mix Of Melee.

    Instant news
    |
    2019/4/23 13:35:00
    12262
    Read the next article

    Adidas Launched High-Performance Environmentally Friendly Running Shoes That Can Be Recycled 100% Times.

    Futurecraft.Loop is Adidas and its partners in materials, manufacturing and recycling in Asia, Europe and North America.

    主站蜘蛛池模板: 免费萌白酱国产一区二区| a毛看片免费观看视频| 一级**毛片毛片毛片毛片在线看| 18禁无遮挡无码国产免费网站| 肥老熟妇伦子伦456视频| 特级毛片爽www免费版| 我和娇妻乱荡史| 国产成人一区二区三区免费视频 | 四虎永久在线精品免费观看地址| 亚洲国产成人久久一区www| poren日本| 精品欧美一区二区三区免费观看 | 正在播放年轻大学生情侣| 巨r精灵催眠动漫无删减| 国产一区高清视频| 久久精品无码一区二区日韩av | а√最新版在线天堂| 羞羞漫画成人在线| 日本在线视频网址| 国产成人精品久久综合| 亚洲一区二区三区在线网站| 538在线观看视频| 永久免费在线观看视频| 国产精品视频一区二区三区不卡 | 国产精品.XX视频.XXTV| 亚洲日产2021三区| 99久久精品这里只有精品| 男人的天堂久久| 女人扒开腿让男人捅啪啪| 八木梓纱老师三天两夜| 中文乱码字字幕在线第5页| 老子午夜精品我不卡影院| 情欲小说app下载| 内射白嫩少妇超碰| 99sescom色综合| 欧美老熟妇欲乱高清视频| 国产高清在线a视频大全| 亚洲激情视频在线观看| 91国在线视频| 欧美成人精品一区二三区在线观看| 国产精品高清一区二区三区|