OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The Miami-based apparel company announced on Monday that it has signed a licensing agreement with Taesok Optical Co. for the production of Perry Ellis Portfolio branded eyewear to be distributed in South Korea.
The fashion retailer selling cult menswear brands has been named as one of the fastest-growing companies in the UK after seeing profits soar by 139%. It is planning to open a flagship store in London’s Soho this year.