Diesel founder Renzo Rosso has bought Italian designer label Marni.
Rosso’s holding company OTB has announced today that Marni, which is headed up by Consuelo and Gianni Castiglioni, will join the group.
OTB is already the holding company for brands including Maison Martin Margiela, Viktor & Rolf and Diesel. It also manages the licenses for DSquared, Just Cavalli, Vivienne Westwood Red Label and Man, and Marc Jacobs Men.
Rosso, founder of Diesel and president of the OTB, said: “I am extremely happy of this new entry in the group. Marni represents exactly the concept of fashion I would love to see associated with OTB. A style that’s unique, recognizable, individual, fresh and modern. And an outlook that is always international. I have an incredible respect for Consuelo’s talent and I am sure that the association between her creative vision and the support and know-how of OTB will take Marni to new, incredible goals.”