MILAN — The owners of Roberto Cavalli are taking stock of the performance of the brand and are liking what they see, according to market sources. As a result, Italian private equity fund Clessidra SGR, which took control of the Florence-based brand in 2015, is said to be open to bringing in other investors to inject fresh capital and expand the fashion house.
One source said “the company’s reorganization is over, with revenues picking up and break-even expected for the year, in light of the first six months of 2018,” and that creative director Paul Surridge has been forging a path for the label with his first two shows in Milan and the men’s collection unveiled at Pitti Uomo last month. These are all elements that are leading Clessidra “to have great and growing confidence in the opportunities to further develop the brand.”
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit