Overview
- Revenue at constant exchange rates declined to €1.7 billion and EBITDA fell to €237.3 million for 2025.
- Wholesale revenue dropped 15% while direct retail slipped 2.6%, with direct-to-consumer now accounting for about 60% of turnover.
- The company cited slower demand in China and Europe, noted stable performance in Japan at roughly 27% of turnover, and pointed to the Middle East as a bright spot.
- Maison Margiela posted the fastest growth at 8.4% and Diesel delivered its best profitability in a decade, as OTB refreshed creative leadership at Margiela, Jil Sander and Marni.
- OTB’s Staff International resolved a dispute with Dsquared2 and signed a long-term licensing renewal, while the CEO flagged a tough sector backdrop as analysts forecast 4–5% luxury growth in 2026 concentrated at the top end.