The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MILAN, Italy — A Milan court has granted creditor protection to Roberto Cavalli giving the troubled Italian fashion house up to 120 days to present a turnaround plan, two sources told Reuters on Monday.
Private equity firm Clessidra has been trying for months to sell its 90 percent stake in Cavalli which has posted a string of losses in recent years.
The Tuscany-based luxury group decided to ask for Chapter 11-like protection at the end of March to keep the business running while it finds a new investor.
Three investors including Italian fashion entrepreneur Renzo Rosso are eyeing a possible bid for the luxury label.
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Cavalli was not immediately available for a comment.
By Claudia Cristoferi and Alfredo Faieta.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.