The Italian fashion group, which owns Diesel and Maison Margiela, announced Thursday that it has acquired a majority shareholder stake in Frassineti, a Florentine leather goods manufacturer that has been a longtime supplier to the OTB-owned Jil Sander brand.
The acquisition is a move by the company’s production arm, Staff International, to strengthen their commitment to supporting Italy’s supply chain and provide OTB with technological…