Roberto Cavalli Attempt At Selling A Stake In His Company Failed

Though Roberto Cavalli has been planning to sell a significant stake in his company for months, the designer seems to be wavering yet again, Reuters reports today. A source told the paper that talks between Cavalli and private equity fund Clessidra have been broken off following a dispute about the company's value. In June, the designer revealed that he had signed a letter of intent to sell a 30 percent stake to Clessidra, with September 30 the deadline to settle on the price. Cavalli has hesitated in the past when it comes to selling: in May, he said that he no longer was interested in selling a stake in the company-but then he signed the letter of intent with Clessidra in June.
- Fashion Dispatch


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