Robert Cavalli negotiates about sale

Robert Cavalli negotiates about sale

Roberto Cavalli is talking to investment firm Investcorp about a possible sale of his own company, also called Roberto Cavalli.

Decision by end of June

According to The Financial Times, Cavalli would be willing to sell his company for 450 million euro, including debt. The negotiations still have quite a while to go, the paper states. Cavalli wants to decide by the end of June if he would sell to Investcorp, which also used to own Gucci and apparently tried (and failed) to buy Versace.

 

Talks with investment firm Permira did not lead to anything as it was unclear who would lead the brand after the purchase. Permira wanted to have a majority stake, but Cavalli's stance toward the board of directors apparently scared off Permira. The exact same reason was apparently the reason why Italian investment firm Clessidra also backed out last year.

Questions or comments? Please feel free to contact the editors


New CEO for Nestlé Belgilux

23/11/2017

Nestlé announced that Michel Mersch will become Nestlé Belgilux’ new CEO. He will succeed Alexander von Maillot, who will transfer back to the Swiss main office.

Rémy Cointreau's expensive cognacs perform well in Asia

23/11/2017

French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.

Online FMCG sales continue to soar

22/11/2017

According to a new Kantar Worldpanel report, online grocery sales grew 30 %, in stark contrast with the overall 1.3 % increase. Online sales now contribute 4.6 % to the overall FMCG sales, but that will grow to 10 % (145 billion euro) by 2025.

Nestlé considers Hain Celestial acquisition

22/11/2017

Nestlé is allegedly interested in a Hain Celestial acquisition. The food company manufactures organic and vegetarian food and is currently valued at about 3.5 billion euro.

Scotland is first to enforce minimum alcohol price

21/11/2017

Scotland is the first in the world to finally enforce a minimum price for alcohol. The law as approved in 2012, but whisky distillers managed to block the legislation up until now.

Europe approves organic reform, Belgium abstains

21/11/2017

The European Commission approved new legislation to simplify organic agriculture in Europe. It will be enacted in July 2020. There was no agreement among Belgian politicians, which is why Belgium abstained.

Back to top