It Started a Few Weeks Ago with DKNY … Now The Trend Continues with a Major Sale in Europe!
We hate to say we told you so, but …
Coming on the heels of DONNA KARAN’S INDUSTRY-CHANGING MOVE WITH DKNY, Roberto Cavalli has officially sold 90% of the brand that bears his name to an Italian private equity firm, Clessidra SGR. The news comes one month after Peter Dundas was appointed to lead the brand as its new creative director. “I am extremely satisfied to have signed this agreement with an Italian partner which, I am sure, will further develop what I have built in a lifetime,” Cavalli stated. “Clessidra will provide financial, managerial, and human resources that will allow the company to grow further and face the challenges of the ever-evolving luxury market.”
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