By  on August 27, 2019

Come this fall, eyes will be on the potential development of the Roberto Cavalli brand, once a Milan judge will have ruled on the industrial plan and agreement with creditors presented by the company’s management that was due to be submitted by Aug. 3. The judge’s ruling is expected in mid-September or the following month.

Cavalli did not officially present a spring men’s wear collection in June at Pitti Uomo or in Milan and does not appear on the first draft of the Milan Fashion Week calendar issued by the Camera della Moda at the end of July. The label is still without a creative designer, following the exit of Paul Surridge in March. The design lead, however, may not be an immediate priority for the brand and its chief executive officer Gian Giacomo Ferraris, who was rumored to stay on following the acquisition by Vision Investment Co. LLC  last month. The vehicle is controlled by Hussain Sajwani, the founder and chairman of the Damac Properties Group. Vision Investment has signed a binding contract with the Florence-based fashion company and its shareholder Varenne 3 to acquire 100 percent of the firm. That said, the transfer of shares to the new owner will be completed only after the judge’s decision. Sources speculate that founder Roberto Cavalli could also return to his namesake company in some capacity. This was a rumor that first arose when American fund Bluestar Alliance, which has investments in Tahari, Bebe and Catherine Malandrino, was also eyeing the acquisition of the brand. 

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