×
32 756
Fashion Jobs
ROSS STORES
Store Protection Specialist
Permanent · Honolulu
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
ROSS STORES
dc Operations Manager
Permanent · Shafter
ROSS STORES
Coordinator, Human Resources Administration
Permanent · New York
ROSS STORES
Manager, Transportation Finance
Permanent · Fort Mill
ROSS STORES
Manager, sr Operations - dc
Permanent · Perris
ROSS STORES
Lead Business Analyst, Master Data Office
Permanent · New York
ROSS STORES
sr. Manager, Cross Dock & Store Delivery Transportation Procurement
Permanent · Fort Mill
ROSS STORES
dc Operations Manager
Permanent · Perris
AEROPOSTALE
District Manager (Southern California), Sparc Group
Permanent · Los Angeles
COTY
sr Buyer, na Regional Skincare
Permanent · New York
NORDSTROM INC
Loss Prevention Security Ambassador - Tysons Corner
Permanent · McLean
NORDSTROM
Loss Prevention Security Ambassador Southcenter
Permanent · Tukwila
NORDSTROM INC
Security Ambassador 1-2
Permanent · Roseville
NORDSTROM INC
Loss Prevention Security Ambassador Last Chance
Permanent · Phoenix
NORDSTROM INC
Loss Prevention Security Ambassador Portofino Shopping Center Rack
Permanent · Shenandoah
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Greenville
KOHLS
District Loss Prevention Manager - Robinson PA
Permanent · Pittsburgh
KOHLS
Full-Time Loss Prevention Service Specialist
Permanent · Salem
BUSTLE
Sex And Relationships Editor, Bustle
Permanent · New York
LEVI'S
sr. Manager IT, HR Technology, Service Delivery And Employee Experience
Permanent · Westlake
MARMAXX
70185-Loss Prevention Training Specialist
Permanent · Pinellas Park
By
Reuters API
Published
Jun 15, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Roberto Cavalli receives five offers

By
Reuters API
Published
Jun 15, 2019

Five potential investors showed up for the rescue of Italian fashion house Roberto Cavalli, the company said on Friday without naming the suitors.


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


The Tuscan company received three binding offers for taking over the whole group, one binding proposal for just some assets, as well as a non-binding expression of interest.

In the next few days the board will look at the bids along with company's main shareholder Clessidra, with the aim of choosing the best offer to ensure the industrial continuity of the luxury group, a source close to the matter said.

However, the final decision rests with the bankruptcy court which had granted creditor protection to the troubled brand in April, giving it up to four months to present a turnaround plan.

Italian private equity firm Clessidra took over 90% of the label from the founder Roberto Cavalli in 2015, in a deal that valued the company at about 390 million euros (£347 million), sources said at the time.

But the new owner was unable to turn around Cavalli despite a new CEO and a new designer. In September it hired Rothschild to find another investor, given the Clessidra fund holding the Cavalli stake was close to its statutory investment limit, a source had said.

According to a document filed in April by Cavalli with a Milan court, three of 80 potential investors contacted by Rothschild had expressed interest in buying the company as a whole: a U.S. holding company Bluestar, which owns fashion brand Bebe, Italian Diesel-owner OTB and German fashion designer Philipp Plein.

© Thomson Reuters 2021 All rights reserved.