Looking to be up to your elbows in animal print? According to WWD, designer Roberto Cavalli is looking to sell. The bidding for a stake in the privately
owned fashion label is expected to kick off shortly, after the deadline
for suitors to express interest closed Friday, according to sources.
understands that private equity houses Blackstone Group Holdings,
Candover, The Carlyle Group, Cinven and Valentino Fashion Group-owner
Permira are among potential bidders.
has spoken for 18 months of possibly selling a stake in his company.
His profile has risen higher and higher over the last few years as the
designer has expanded his distribution, opened more stores and, in
2007, linked up with H&M for a one-off collection that created
mania from Manhattan to Tokyo.
Recent estimates value Cavalli at about $1.89 billion at current
(euro) exchange. Well you had better like cigar smoke because Cavalli is also understood to want to
maintain a majority stake in any prospective deal and has already
rejected "a couple of offers" valuing the business at around 1 billion
euros, or $1.57 billion, sources said.
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40