Thursday 6 August 2009

Roberto Cavalli Has Outpriced Himself, Yet Again – 6/8/09

Our friends at WWD Fashion have confirmed that negotiations have broken down between Roberto Cavalli and Italian private equity firm Clessidra SGR SpA.


"The designer’s reluctance to reduce the lofty valuation he places on his fashion brand” is said to be the cause of the conflict, according to WWD Fashion.


So the tally this week is one Italian brand, Prada, was given a reprieve from the banks (see the MO Down for 5/8), thus making it less attractive now for other investors. And now another cash-strapped Italian brand has lost a potential investment opportunity. If private equity retreats, do the ever-cautious banks even want to go there?


Click here for the latest Reuters report on the Cavalli crisis.

Posted by MO at 8:51 am
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au