The story
OVS was founded in 1972 as Organizzazione Vendite Speciali (special sales organization), a division of Coin, an Italian department store chain. The company remained a subsidiary of Coin Group until 2015, when an initial public offering (IPO) took place.
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.
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. In September 2018, Massimo Piombo, known for the craftsmanship of his products, became the designer of all OVS lines.
From Wikipedia’s article on OVS (company), shared under CC BY-SA 4.0.5