All OVS articles
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News briefs
OVS takes over Gap stores in Italy
The Italian apparel retailer OVS agreed to buy all 11 Italian stores of its U.S. peer Gap. The deal is anticipated to complete in February 2022. The two companies have worked together since early 2020. Through a franchise agreement, OVS offers GapKids in its stores and Gap Adult and Kids ...
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ArticleOVS jumps to top of fashion transparency ranking but sector progress ‘too slow’
The Italian retailer OVS jumped to the top spot in the 2021 Fashion Transparency Index published by Fashion Revolution as the global activism movement pushing for greater disclosure in fashion supply chains warned that progress in transparency in the sector generally remains “too slow”. OVS reached 78 percent of the ...
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Article
Two large Italian retailers obtain government-guaranteed loans
The Italian retailers OVS and Rinascente have obtained government-guaranteed loans as part of the so-called liquidity decree to support large companies affected by the Covid-19 pandemic. The measure applies to firms with more than 5,000 employees in Italy and annual revenues above €1.5 billion. Economy Minister Roberto ...
