OVS (company)

OVS
TypePublic (S.p.A.)
BIT: OVS
FTSE Italia Mid Cap
Founded1972 (1972)
Headquarters
Venice, Veneto
,
Italy
Number of locations
1822[1]
Area served
Worldwide
ProductsRetail
Revenue€1,017 billion (2020)
Websitewww.ovs.it

OVS (formerly Oviesse) is an Italian clothing company. It has stores in 35 countries in Europe, Latin America and Asia with a total of over 1300 locations. Revenues were €1.32 billion in 2015.[2] It is the largest clothing retailer in Italy, accounting for about 5% of the national clothing retail market.[3]

History

OVS was founded in 1972 as Organizzazione Vendite Speciali (special sales organization), a division of Coin, an Italian department store chain.[3][4] The company remained a subsidiary of Coin Group until 2015, when an initial public offering (IPO) took place.[5]

In 2016, OVS acquired a 35% stake in Sempione Retail, a Swiss company whose relative majority shareholder was Retail Investment with a 44.6% stake, while another 20.5% was held by Aspen Trust. The company operated a chain of 600 stores, which subsequently adopted the OVS brand. In the summer of 2018, the chain closed, leaving around 1,200 employees without work.[6]

In March 2018, a collection designed by Kendall Jenner and Kylie Jenner, the influencer sisters, was launched across OVS's 1,600 stores for women, men and children.[7] In September 2018, Massimo Piombo, known for the craftsmanship of his products, became the designer of all OVS lines.[8]

Locations

References

  1. ↑ "OVS S.P.A. sustainability report 2020" (PDF). ovscorporte.it. Retrieved 1 March 2022.
  2. ↑ "Store locator | OVS S.p.a." www.ovs.it. Retrieved 29 March 2018.
  3. 1 2 "Cosa è successo a OVS". Il Post. 18 September 2014. Retrieved 6 December 2016.
  4. ↑ "Storia | Ovs S.p.a." www.ovscorporate.it. Retrieved 6 December 2016.
  5. ↑ "Ovs e Upim in Borsa per ridurre il super debito di Coin". Repubblica.it. 14 February 2015. Retrieved 6 December 2016.
  6. ↑ "Licenziate in Svizzera, la protesta raggiunge la sede Ovs di Mestre". 3 July 2018. Archived from the original on 14 September 2018. Retrieved 14 September 2018.
  7. ↑ "Stefano Baraldo e la nuova sfida di Ovs, casse intelligenti e corner sartoriali". 27 February 2018. Retrieved 18 November 2018.
  8. ↑ "Massimo Piombo nuovo stilista di tutte le linee Ovs". 13 September 2018. Retrieved 14 September 2018.


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