Investors led by Franck Muller prepare offer to acquire Roberto Cavalli

A group of investors led by Swiss luxury watchmaker Franck Muller is preparing to make an offer to acquire a majority a stake in Italian luxury house of Roberto Cavalli, according to Bloomberg.

The group may offer to buy between 60 percent and 70 percent of Roberto Cavalli for more than $408 million, according to sources close to the matter. Frank Muller also owns the license to manufacture and distribute Roberto Cavalli watches.

Earlier this week, Roberto Cavalli was reported to be in advanced talks with Bahrain’s Investcorp, which is also reported to be interested to acquire a majority stake in the Italian fashion house.

Roberto Cavalli