Cavalli’s New CEO?: After a new creative director, Roberto Cavalli SpA may have zoomed in on its new chief executive officer. According to market sources, Renato Semerari, who left Coty Inc. earlier this month, may be headed to the Florence-based firm. At Coty, Semerari was president of the company’s categories and innovation department. The beauty behemoth is Cavalli’s fragrance licensee. Asked about the speculation, a spokesman from Italian private equity firm Clessidra SGR SpA, which is negotiating the purchase of a majority stake in the fashion brand, said “no contract has been signed,” but declined to elaborate.
In March, the Cavalli firm appointed Peter Dundas as creative director and his first collection for the brand will bow in Milan in September. The Norwegian designer had been the artistic director of Emilio Pucci, also based in Florence, since 2008, but had worked with Cavalli and his wife Eva as head designer of that brand from 2002 to 2005.
Sources say once the Clessidra deal is completed, Cavalli will retain a 10 percent stake in the firm he founded in 1970. Clessidra is paying around 400 million euros, or $435 million at current exchange, for the 90 percent interest.
Upon completion of the deal, which may be finalized this week, Clessidra executive vice chairman Francesco Trapani, former chairman of LVMH Moët Hennessy Louis Vuitton’s watches and jewelry division, will become president of the Cavalli company.