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Report: Diesel Founder Interested in Roberto Cavalli

Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Roberto Cavalli Spring/Summer 2019 | Source: Courtesy
By
  • Reuters

MILAN, Italy — Renzo Rosso, the founder of fashion label Diesel, is interested in buying Italy's Roberto Cavalli through his OTB holding company, Il Sole 24 Ore said on Friday.

OTB is one of around 10 players that have expressed interest in Cavalli, which is being advised by Rothschild, the paper said.

Roberto Cavalli, controlled by private equity firm Clessidra, reported sales of around 152 million euros ($172 million) last year.

By Stephen Jewkes; editor: Mark Potter.

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