Strong and confident prints, a touch of animal, and gold, have certainly not hindered Cavalli this year. Reporting a profit for first-half, the Roberto Cavalli group reported a net profit of €1.9m ($2.5m), compared with a loss of €3.5m ($4.6m) last year. According to executive director Gianluca Brozetti, CEO, both wholesale and retail sales grew in the first half, compensating for a drop in royalties from its Just Cavalli licensee Ittierre SpA, which has been in government-backed bankruptcy protection since February 2009. “Careful restructuring and cost control” helped to place the group back on solid ground. Looking at the second half, Brozetti remains confident given the uncertainty of the economy, and looks to special edition products and anniversary celebrations to yield further economic return. Image credit: capetownfashion.wordpress.com
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