Jil Sander was founded by the eponymous German designer in the 1960s. Since 2008, Japanese fashion conglomerate Onward Holdings has been the parent company of the Milan-based brand.
According to Yahoo, founder and president of OTB Renzo Rosso released a statement saying, “I have admired and respected Jil Sander since the fashion house was first established. Despite the changes of ownership and creative direction, the house has always stayed true to its founder’s vision, maintaining an absolute commitment to beauty, quality, and its signature minimalist approach. To be able to welcome this timeless jewel to our group of unique, unconventional labels is an honor and a long-term undertaking.”
Financial details regarding the purchase have yet to be revealed.
In case you missed it, the JULIUS SS21 permanent collection revives archival military styles.