OTB Group completed the acquisition of a majority stake in Calzaturificio Stephen.

OTB Group, an Italian fashion group, completed the acquisition of a majority stake in Calzaturificio Stephen, an outstanding Italian manufacturer of high-end footwear. Financial terms were not disclosed. “OTB’s brands are known all over the world for the originality, creativity and craftsmanship of their products, thanks to the use of raw materials of the highest quality and the skills of our experts, masters of savoir-faire. Made in Italy became our trademark, thanks to a close collaboration with the companies in our incredible supply chain: a unique asset that makes us extremely competitive on international markets,” Renzo Rosso, OTB Chairman and Founder.