Cavalli’s namesake fashion house is clearly the Italian designer’s baby, and he is having a hard time parting with the empire he has created. It seems that every few weeks Cavalli and his camp change their mind as to what the designer will do with his label.
In fact, it has been just about a week since Cavalli announced that he did not want to sell a stake in his company. Now comes news that Cavalli has signed a letter of intent with the Milan-based private equity fund Clessidra SGR SpA for the sale of a minority stake in Cavalli’s fashion house, at supposedly somewhere between 20 and 30 percent. Terms are supposed to be finalized by the end of September.
There is good news, however – Cavalli is optimistic and says that he is looking to expand his presence in emerging countries where the brand is still not widely present.
