Crisis at ROBERTO CAVALLI after investment fund withdraws

As early as June 2009, CAVALLI have announced they are in advance talks with Italian investment fund CLESSIDRA to sell a stake of up to 30% of the company. This would have given the necessary cash injection to overcome the current crisis. In May, CAVALLI have predicted a 12 to 13% drop in sales for the first half, which could be almost double. Talks have broken after parties failed to agree on price and the possibility to sell further shares at the same price.