×
154
Fashion Jobs
PUMA
Junior Manager go-to-Market Operations Nordic
Permanent · Solna
PUMA
Senior Key Account Manager Running Nordic
Permanent · Solna
PUMA
Senior Marketing Manager Cobra Puma Golf Europe
Permanent · Solna
PUMA
Strategic Key Account Manager Pure Players
Permanent · Solna
LEVI'S
Key Account Manager
Permanent · Stockholm
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
By
Reuters
Published
Jun 2, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Cavalli agrees to sell 30 pct to Clessidra

By
Reuters
Published
Jun 2, 2009


Roberto Cavalli

MILAN, June 2 (Reuters) - Italian designer Roberto Cavalli has signed a letter of intent with Italian investment fund Clessidra to sell 30 percent of his fashion house, the designer said in an interview with Il Sole 24 Ore on Tuesday 2 June.

He said the valuation of the house could be more than 300 million euros ($426.4 million), especially in light of an improvement seen in sales.

"We have allowed ourselves time to Sept. 30 to decide on the exact price, based on the evolution of EBITDA but with a multiple of nine (times) already agreed," Cavalli said in the interview.

The designer said he hoped the deal could be completed earlier, "perhaps before the end of June".

Noone at Clessidra was available to comment. A spokeswoman said Cavalli was on holiday and unavailable.

In an interview with Il Sole 24 Ore on May 27 Cavalli said he was no longer convinced selling a stake was the right move. He said the first projects with Clessidra would include finding a chief executive, with four names on the short list, as well as renewal of the eyewear license with Marcolin (MCL.MI).

Cavalli also said Arab investors and Indian businessman Lakshmi Mittal had shown interest in investing in his brand. (Reporting by Stephen Jewkes; Editing by David Holmes)

© Thomson Reuters 2022 All rights reserved.