MILAN — Has Roberto Cavalli found an investor at last?
It appears so — if a deal said to be in the works is completed. In an interview with a local financial daily published Thursday, the Italian designer said he was “close to signing a preliminary deal” to sell up to 20 percent — and “no more” — of his namesake fashion label to Milan-based private equity firm Clessidra SGR SpA. He added he would like to list on the stock market in “three or four years.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"