MILAN – Roberto Cavalli has confirmed he is in talks to sell between 15 and 20 percent of his namesake fashion label to private equity firm Clessidra SGR SpA.
“We are still at the beginning [of negotiations], but I am hopeful,” Cavalli said on the sidelines of his fall-winter show here on the second day of men’s fashion week. “I need a serious financial partner… [Clessidra] is a well-managed Italian group. I hope they will help grow my company.”
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