By  on August 4, 2009

MILAN — Roberto Cavalli has done it again.

The designer’s reluctance to reduce the lofty valuation he places on his fashion brand has resulted in talks breaking down between Cavalli and Italian private equity firm Clessidra SGR SpA, which had been in exclusive negotiations since the start of the year about taking a stake in Roberto Cavalli SpA, WWD has learned.

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