The Daily Digest

  1. Sources Say Roberto Cavalli Nearing €450 Million Sale to Permira

    “Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion …More

  2. Mulberry Aims for ‘Affordable Luxury’ After Failed Move Upmarket

    “The British luxury goods group will cut prices of new products and focus on the cheaper bags that made …More

  3. For Young Traders, a Market Where Air Jordans Are Blue Chips

    “While the lucrative retail business for sneakers — and the exclusive lines that attract overnight campers …More

  4. Workers Strike at Shoe Factory Over Benefits Dispute

    “Tens of thousands of workers at one of the world’s largest shoe manufacturers are continuing a strike in the …More

  5. DKNY Shares New Wearable Tech App That Could Be Game-Changing

    “Awear functions through a digital chip embedded in garments. Users who have the Awear app can use it to …More

Sources Say Roberto Cavalli Nearing €450 Million Sale to Permira

Roberto Cavalli Autumn/Winter 2014 | Source: Cavalli

LONDON, United Kingdom — Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.

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Another Profit Warning From Mulberry; Shares Tumble Again

Mulberry Spring/Summer 2014 Campaign | Source: Mulberry

LONDON, United Kingdom — Mulberry Group Plc, the U.K. luxury bag maker that recently parted company with its chief executive officer, reined back profit estimates for the second time in less than three months and said a plan to boost sales with more affordable new products will weigh on earnings.

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