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.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)