×
62 321
Fashion Jobs
ATHLETA
General Manager - Butler Plaza (New Store)
Permanent · Gainesville
ATHLETA
General Manager - Hudson Yards
Permanent · New York
ATHLETA
General Manager - Morristown, 30 w. Park Place
Permanent · Morristown
ATHLETA
General Manager - Georgetown
Permanent · Washington
ATHLETA
General Manager - Westfield
Permanent · Westfield
ATHLETA
General Manager - Galleria @ Roseville
Permanent · Roseville
ATHLETA
General Manager - Natick
Permanent · Natick
ATHLETA
General Manager - Newport- Long Wharf
Permanent · Newport
NEIMAN MARCUS
Loss Prevention Investigator- Boston
Permanent · Boston
NEIMAN MARCUS
Sales Manager, Handbags - Orlando
Permanent · Orlando
NEIMAN MARCUS
Product Manager, Checkout
Permanent · Irving
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Dallas
NEIMAN MARCUS
Sales Manager, Designer Sportswear Selling - Short Hills
Permanent · Millburn
OLD NAVY
Assistant General Manager, Merchandising - Oakridge
Permanent · San Jose
OLD NAVY
Unassigned - General Manager - Mall of The Americas
Permanent · Miami
OLD NAVY
General Manager - Northside Marketplace
Permanent · Nashville
OLD NAVY
External Asset Protection Lead - Solano
Permanent · Fairfield
OLD NAVY
General Manager - Shops at Centerpoint
Permanent · Grand Rapids
OLD NAVY
Loss Prevention Agent - Promenade Diberville
Permanent · D'Iberville
OLD NAVY
General Manager - Rookwood Commons
Permanent · Cincinnati
OLD NAVY
Assistant General Manager - Waterstone Center
Permanent · Cincinnati
OLD NAVY
General Manager - Hilton Head Village
Permanent · Bluffton
Published
Mar 29, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Roberto Cavalli moves to safeguard operations as sale negotiations continue

Published
Mar 29, 2019

Following the news of the departure of its creative director Paul Surridge, troubled Italian luxury house Roberto Cavalli announced on Friday that it has decided to file for composition with its creditors (concordato preventivo in continuità) in Milan as it continues discussions with potential investors and buyers.


Roberto Cavalli - Fall-Winter2019 - Womenswear - Milan - © PixelFormula

 
"Through this request, the company intends to utilize a well-defined legal mechanism arranged by the legislator to manage and overcome critical phases that could also lead to the suspension of some activities in foreign countries," the brand explained in a press release.

The Court of Milan will now examine the company’s request and will establish a timeframe during which the Roberto Cavalli brand will have to maintain an "open dialogue" with relevant authorities and other concerned parties as it works out its plans moving forward.

Acquired by Italian investment fund Clessidra in April 2015, Roberto Cavalli has since undergone a comprehensive rehaul under CEO Gian Giacomo Ferraris, who was appointed in 2016 and tasked with relaunching the stagnating Tuscan brand. Surridge was named as creative director the following year.

Attempts to turn the label’s fortunes around, however, have proved to be insufficient, with one source cited by Reuters blaming underinvestment in marketing and store redesigns.
 
The situation surrounding the sale of the luxury fashion house has been growing increasingly complicated over the last few weeks, with unions having voiced their concern about the uncertain future of the company’s 270 employees.
 
It now looks like US investment firm Bluestar Alliance – owner of Bebe, Catherine Malandrino, Tahari and Brookstone, among other brands – is the frontrunner to take over the company, following reports that German designer Philipp Plein, who had initially expressed interest in the acquisition, is no longer looking to pursue the purchase.
 
Roberto Cavalli, expects to achieve revenues of 155 million euros in 2019, has not specified the number of parties with which it is currently conducting discussions.

Copyright © 2021 FashionNetwork.com All rights reserved.