Most Recent Articles In Fashion Scoops
Latest Fashion Scoops Articles
- Yohji Yamamoto Teams With Real Madrid
- Scott Sternberg Cancels Band of Outsiders NYFW Presentation
- Louis Vuitton Taps Frank Gehry for Fall Windows
More Articles By
CAVALLI’S FUTURE: A possible sale of the Roberto Cavalli company continues to be fodder for speculation. According to the Financial Times on Saturday, sources said Investcorp may be eyeing the Italian fashion group, although discussions are at an early stage. This follows rumors of a slowdown or perhaps a halt of negotiations with private equity fund Permira, which have not yet led to a deal. As reported, sources said the discussions have hit a number of stumbling blocks — mainly the valuation of the fashion house. Based in Bahrain, Investcorp was a former owner of Gucci. Contacted on Saturday, the Cavalli company had no comment.
The price tag also was an issue in August 2009, when the designer suddenly abandoned plans to sell a 30 percent stake in his business to Italian private equity firm Clessidra SGR SpA after lengthy discussions.