The new administrators for Ittierre SpA plan to take legal
action against Roberto Cavalli for his comments regarding the Just
Cavalli license and their ability to turn the company around.
administrators, who were appointed last month after Ittierre filed for
bankruptcy protection under the Italian equivalent of Chapter 11,
stated Saturday they had tasked their lawyers with “protecting Ittierre
SpA regarding industrial, economic and image damages derived from Mr.
Roberto Cavalli’s repeated comments in reference to the Just Cavalli
license and the activity of the administrators themselves.”
added that Cavalli’s decision to cancel his Just Cavalli fall ’09 show
last week was “unilateral” and “unjustified with serious prejudice to
Ittierre’s image” and underlined that the Gianfranco Ferré, C’N’C
Costume National and Galliano shows were taking place in Milan and
Paris. Cavalli presented 20 outfits at Just Cavalli’s showroom instead.
said he was prepared to take Just Cavalli’s production in-house if
necessary, saying he doubted the administrators ability to turn
Ittierre claims to have obtained a $38.3 million line of credit from
five Italian banks. The company said the lifeline would allow it to
“reactivate its industrial and commercial activities in the spirit of
safeguarding its day-to-day operations.”
Ittierre operates under
license the Just Cavalli, VJC Versace, Versace Sport, C’N’C Costume
National and Galliano labels, although the business ground to a halt in
early February after running out of cash.
We have to agree with the outspoken Cavalli on this one. Good luck!
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40