Reuters logo
Italy's Cavalli in exclusive talks with Clessidra
December 17, 2014 / 7:22 PM / 3 years ago

Italy's Cavalli in exclusive talks with Clessidra

MILAN, Dec 17 (Reuters) - Italian fashion brand Roberto Cavalli is in exclusive talks with Clessidra that would give the private equity firm a majority stake in the label, Clessidra said in a statement on Wednesday.

The companies have set a target to reach an accord by March 2015.

The fashion designer would remain a shareholder, while Clessidra Executive Vice President Francesco Trapani would become chairman of the Cavalli Group, the statement said. (Reporting by Valentina Za)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below