By  on April 30, 2015

MILAN — Roberto Cavalli’s new owners, led by Clessidra SGR, have a long-term goal: an initial public offering.

But first, the Italian private equity fund, which with partners has signed an agreement to acquire 90 percent of the Florence-based firm, sees plenty of opportunity to grow the brand. “This is a brand that has a lot of potential with a strong image. There are areas that we can still greatly develop,” said Francesco Trapani, who is taking on the role of chairman of the firm. “It has a good women’s ready-to-wear business that can improve and adjacent categories that are underdeveloped, such as men’s, bags, shoes and accessories. There are big opportunities. Also, geographically, the brand is well-covered in Europe and the U.S., partially in the Middle East and is practically absent in Asia. It is positioned in various market segments and we have no intention of upturning this or the prices, and we will continue to develop them.”

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