Permira Advisers Has Approached Roberto Cavalli About Stake

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It is being reported by various creditable sources that Italian designer Roberto Cavalli is selling a stake in his luxury fashion house.

London-based Permira Advisers LLP has approached Roberto Cavalii SpA about a likely acquisition of the company, source revealed.

Earlier in the year, the private-equity firm had dropped out of the process, but a deal could be reached if both parties are able to agree on a price and final details.

I’ve heard that the fashion house was in talks with Gulf investment firm Investcorp to sell a stake but nothing was ever finalized. Currently, there are no offers from other parties, and¬†a deal with Permira is expected to be finalized in the coming weeks.

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Photo Credit: REX

Source: IBTimes | Bloomberg

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