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Cavalli Opens Amid Growing Crisis its Largest Store Worldwide
News 12 March 2009
Roberto Cavalli has opened yesterday its biggest store in Paris, on famous high street area Faubourg St Honore. Cavalli is 1400 sqm on 7 levels and represents the most recent concept made by Cavalli.
Opening was due three years ago, when the Italian house first contracted the space. The opening comes as a financial setback for the brand, with the owner and designer trying to sell some of the company’s assets. Unfortunately until now, nobody has shown its interest in taking over the Italian fashion house.
Cavalli’s difficulties have worsen during the last two months, with the Itierre IT group going bankrupt. The group assured the distribution of Just Cavalli, which brought in more than 50 percent of all income for the fashion house.
Opening was due three years ago, when the Italian house first contracted the space. The opening comes as a financial setback for the brand, with the owner and designer trying to sell some of the company’s assets. Unfortunately until now, nobody has shown its interest in taking over the Italian fashion house.
Cavalli’s difficulties have worsen during the last two months, with the Itierre IT group going bankrupt. The group assured the distribution of Just Cavalli, which brought in more than 50 percent of all income for the fashion house.