Renzo Rosso Is Interested In Buying Roberto Cavalli

Roberto Cavalli Fall 2018 Ready-To-Wear.

MILAN — Italian fashion designer and OTB Group‘s President Renzo Rosso, is interested in buying luxury fashion house Roberto Cavalli through his OTB holding company, Il Sole 24 Ore.

OTB is said to be one of around 10 players that have expressed interest in Roberto Cavalli, which is being advised by Rothschild, the paper said.

Roberto Cavalli, controlled by private equity firm Clessidra SGR, reported sales of around 152 million euros (136 million pounds) last year.

OTB Group is the parent company of Diesel, Maison Margiela, Marni, Paula Cademartori, Viktor & Rolf, Staff International and Brave Kid.

In 2018, Forbes indicated Rosso as the 10th richest man in Italy (with an estimated asset of $4.1 billion).

Last summer, DM Fashion Book reported that Roberto Cavalli was open to new investors (see it here).

Roberto Cavalli Fall 2018 Ready-To-Wear.

Photos Credit: Marcus Tondo