Clessidra Buys Control of Roberto Cavalli

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Italian fashion house Roberto Cavalli has been sold to Clessidra, resulting in the private-equity firm acquiring 90 per cent of the brand.

Cavalli told Women’s Wear Daily that he is « 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… 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. »

Peter Dundas was named the brand’s creative director last month, while last week it was disclosed That Francesco Trapani would take on the role of chairman and the new CEO position will be taken by Renato Semerari.


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Written by Beth Arthurs

Blogging since the age of 13, I have never been able to confine my passion for writing. Currently studying Fashion Marketing the University of Leeds and Italian alongside it. My style icon will forever be Gwen Stefani my favourite designer is Alexander Wang

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