Italy’s Jeans Mogul Stays Hungry for Deals After Versace Setback

Renzo Rosso, the Italian fashion mogul who made his name as the founder of Diesel jeans, is on the lookout for new deals — even after a setback in his bid to buy the Versace brand.

“We have no partners, no debt and we’re not listed,” Rosso, chairman of the OTB holding, said in an interview in Milan. That combination creates room for maneuver that bigger rivals can’t match, he said.

Rosso in February made a “formal bid” to buy the Versace and Jimmy Choo brands from US-based Capri Holdings. But it “was never considered, and we don’t ...