Diesel's owners make cut price offer for loss-making Belstaff

 
Oliver Gill
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David Beckham...
Former footballer David Beckham promotes Belstaff products (Source: Getty)

Belstaff, the British motorcycle jacket brand promoted by David Beckham, is being courted by the owners of Italian fashion label Diesel, according to reports.

OTB Group, which owns a number of other high-end European labels, has submitted a bid to Belstaff’s owners – the German Reimann family.

Read more: There is more to Belstaff than movie fodder

The Sunday Times reported the Reimanns are keen to offload the loss-making firm, which they bought for £100m in 2011. Analysts said they could let it go for as little as £3m.

The Reimanns recently put their stake in shoe maker Jimmy Choo up for sale as they seek to focus on the food and beverage sector.

Read more: Jimmy Choo is staying silent on a sale ahead of its annual general meeting

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