According to U.S. media WWD, The OTG Group has confirmed its interest in acquiring Jil Sander from Japanese parent group Onward Holding. In December, there were rumours that both parties had engaged in exclusive talks. Onwards Holding has been the owner of Jil Sander since 2008, when it acquired the brand from Change Capital Partners for €167 million. In October 2020, OTB reportedly secured a €50 million loan for international expansion strategies. Read more here.

Source: WWD