×
51 769
Fashion Jobs
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
OLD NAVY
Assistant General Manager, Merchandising - Bradford Plaza
Permanent · Stillwater
By
AFP
Published
Aug 12, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VTB Capital may buy majority stake in Cavalli

By
AFP
Published
Aug 12, 2014

© 2014 AFP - The Russian bank VTB Capital, targeted by the latest EU economic sanctions against Russia, is considering buying 60% of the Italian fashion house Roberto Cavalli, according to a report on Monday by the Russian daily Vedomosti.

According to the financial newspaper’s anonymous source, the deal would garner Robert Cavalli, the sole owner of the brand, about 500 million euros, the entirety of the fashion house estimated at 830 million euros.

Roberto Cavalli


Contacted by the AFP (Agence-France Presse), the Russian bank VTB Capital, which is among several Russian banks that has been denied access to Western financial markets by the EU for at least three months as a result of the crisis in Ukraine, declined to confirm this information.

The fashion house was also not immediately able to comment.

For at least the last six years, the Italian designer has been considering selling a part or all of his brand, as has done his compatriot Valentino, the couture house bought by the company Mayhoola Investments, financed by a group of private investors from Qatar.

In May 2014, a Bahraini investment firm, Investcorp, had expressed interest in purchasing Cavalli for 450 million euros.

Five months earlier, the Financial Times announced that the European investment fund Permira was negotiating a deal to buy the house for 460 million euros.

In 2008, Permira had joined a number of suitors vying to purchase the brand a few months after Roberto Cavalli announced its intention to go public, which it never carried out.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.