MILAN, April 16 (Reuters) – Italian clothes retailer OVS OVS.MI desires to deliver huge international names, comparable to Abercrombie & Fitch ANF.N or Levi’s, into a few of its shops and on-line store, as a part of its new technique to maneuver away from focusing solely by itself manufacturers.
The group owns two essential manufacturers, OVS and Upim, nevertheless it signed a distribution cope with Hole Inc GPS.N final month to bolster its plans to turn out to be a broader clothes retail platform. It additionally presents another small manufacturers underneath licence or concession.
“I do not need to compete with (on-line clothes retailer) Zalando, I need to host manufacturers which are according to ours,” Chief Government Stefano Beraldo mentioned on Friday.
In a convention name following its 2020 outcomes, Beraldo mentioned he needed to ask Abercrombie & Fitch and Levi’s to promote by a few of its retailers.
When it comes to potential M&A, Beraldo mentioned OVS, which is planning a 80 million euros ($95.eight million) capital improve by July, was not within the acquisition of huge retail manufacturers comparable to Benetton Group.
Somewhat it’s wanting to buy store networks that may be transformed into OVS’s shops, or buying the small manufacturers that the group already sells underneath licence.
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(Reporting by Elisa Anzolin; Enhancing by Pravin Char)
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