The talks surrounding the possible sale of Roberto Cavalli’s company have been going on for over a year now, and the designer recently announced that he met once again with representatives for Clessidra SGR SpA. Cavalli said that Clessidra – an Italian private equities fund – put together what he considered to be an interesting plan, but he did not elaborate on any of the plan’s details.
Cavalli is considering selling 20 percent of his company to Clessidra, although given the current low evaluation due to the economic downturn he is questioning whether a sale now is the right move, saying, “I’m attracted by the idea of having an interesting partner, but the price is very different. This is a moment of change and one must organize themselves in a different manner. Business was much easier in past years, but today you have to push your workers to take things in a more constructive way and with more fantasy.”
When it comes to Cavalli’s secondary line – Just Cavalli – which saw its runway way show scrapped last season in favor of a presentation, Cavalli says that he will continue working with the line’s licensor, Ittierre SpA. Although Ittierre filed for bankruptcy a few months ago, their Cavalli license doesn’t expire until 2010.
Besides licensing and selling dilemmas, Cavalli will soon be launching his own “fashion world Web site.” Slated to be up by Christmas, he has been quoted as saying that he would like the world to be sweeter and for there to be more love, adding that he would like to transmit those values through his own Web site with blogs, live online appearances, and by pushing young designers.
Images courtesy of the Fashion Spot forums.