Designer Buzz: Is Roberto Cavalli About to Sell his Company?
Posted Thursday March 27, 2014 6:00 AM GMT
Rumor mill! Brian Atwood isn’t the only brand being acquired by a third party.
It’s being speculated that Roberto Cavalli is considering a major deal, too.
According to WWD, the designer is considering a majority sale of his company — that being a modest 80 percent stake. The news source named private equity fund Permira as the top contester, though other companies are said to be on the short list. Permira previously made a bid to Versace, but lost to Blackstone Group.
As for their acquisition of Atwood’s brand, the company stated, “the fund does not comment on market rumors,” so we’ll just have to wait.