Roberto Cavalli Plans To Sell Off A Majority Stake Of His Brand By Next Month

by Dena Silver

The Roberto Cavalli maison is prepping for a major move in the coming months: By mid-October, the designer will close a deal to sell off a 60 percent stake of his brand to VTB Capital, according to a letter of intent. The sale is linked to Russian investment bank VTB Group, which is brokering the deal on behalf of an anonymous Cyprus-based buyer. So, what’s being valued in this major sale? The Cavalli brand is more than just leopard print and fringe galore. The company has also attached their name to a handful of clubs and cafés around the globe, in places like Florence, Kuwait, Miami, and Milan. The Cavalli label as a whole has been priced at $1.1 billion, but the sale will ring in at $656.5 million. This isn’t the first time there’s been buzz regarding a sale for the company; the designer has previously shut down offers for his company due to low valuation in both 2009 and 2006, so only time will tell if this sale actually reaches completion.

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