OTB Group, the parent of Italian denim specialist Diesel and owner of luxury brands including Maison Margiela , is positive on the Chinese market and is investing more in it, founder and chairman Renzo Rosso said.

Rosso, in China to mark Diesel's 20 years in that market, said he is continuing to invest in China in a down market, rejigging OTB's retail footprint by closing some stores, but continuing to open in new and better locations.

"I am positive. I think if the market is going like this, it can be an opportunity because we can have a better space available for a better price that wasn't available before," he said. "My vision right now is to invest in the country. I believe in the country; it is so big, so important."

Rosso was speaking to Reuters on Thursday ahead of a dinner

See Full Page