Amiri news and archive

OTB posts 14 percent drop in full year turnover

OTB group, parent to Diesel, Maison Margiela, Marni, Viktor&Rolf, Amiri, Staff International and Brave Kid closed the financial year 2020 with consolidated turnover decrease of 14 percent from the previous year to 1,317 million euros, with net revenues of 1,238 million euros. The company said in a statement that revenues rose by 20 percent at...

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Diesel parent OTB posts 6.4 percent rise in 2019 turnover

OTB, the Italian fashion group’s turnover exceeded 1.5 billion euros, coming in at 1,530 million euros (1,741 million dollars), up 6.4 percent compared to 2018, and growing in all businesses, channels with retail growth of 9 percent, and regions. The company said in a statement that consolidated EBITDA reached 190 million euros (216 million...

Business

Amiri sues Zara

American brand Amiri is suing Zara for allegedly copying its Amiri MX2 jeans the former selling them under the name Combination Skinny Biker Jeans. Amiri filed its complaint in federal court in Los Angeles demanding 3 million dollars in compensation from Zara's parent company Inditex. The lawsuit Amiri filed claims that details of the jeans,...