OTB Group Profit Plummets 77% as Renzo Rosso Names Andrea Rigogliosi CEO

OTB Group reported a 77% drop in operating profit and a revenue decline to €1.6B during 2025 after facing significant challenges in the Chinese and European fashion markets.The Italian fashion house appointed Andrea Rigogliosi as the new Diesel CEO following a decade of record performance for the brand while Maison Margiela sales grew by 8.4%.Chief executive Ubaldo Minelli noted that investments in store relocations, AI, and new creative direction for Marni and Jil Sander impacted margins despite a long-term licensing renewal with Dsquared2.