Roberto Cavalli in advanced talks to sell majority stake to VTB Capital
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.