According to WWD, Roberto Cavalli is in advanced talks with VTB Capital to sell a 60% stake for 500 million euros. VTB Capital is part of Russian banking group VTB. If the sale is successful, it is thought to close sometime in October. The majority stake sale would end Cavalli’s ongoing search for an investor, which first began nearly six years ago, with Permira, Clessidra and Investcop among the suitors.
More from NEWS
Tamburins opens new store in Tokyo
South Korean luxury cosmetics brand Tamburins has landed in Tokyo with a flagship store, in tandem with the new retail space of affiliated eyewear …
Safilo full year 2023 profit drops 76 percent
Safilo Group closed the year 2023 with net sales of 1,024.7 million euros, down 2.3 percent at constant exchange and …
Gentle Monster opens new store in Tokyo at Aoyama
Luxury eyewear brand Gentle Monster has opened a new store in Tokyo at Aoyama. Occupying a sizeable two-level space on …