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OTB Acquires Jil Sander From Onward Holdings

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The money-losing Jil Sander S.p.A. fashion house has a new home. Italian luxury conglomerate OTB is acquiring the label from Japanese retailer Onward Holdings for an undisclosed purchase price. The fashion label was founded by German designer Jil Sander in 1968. Onward has owned Jil Sander since 2008. Sander has had an on-and-off tenure with…

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