Soup's On

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Tuesday, February 3, 2009

Cost of Cavalli

Roberto Cavalli
from the runway collection

Designer to the stars,Roberto Cavalli is going on sale. Nope, it's not the kind that non-stars kind afford. The fashion giant is in talks to sell a minority stake in his company. Why, you ask? Well, it's all in an effort to fund international expansion. He has a few interested buyers. The Cavalli empire consists of a little bit of everything. From his runway collection to his Just Cavalli line and Roberto Cavalli vodka. Word has it, he's found a buyer in a Milan-based private equity fund. Mr. Cavalli told Italian newspaper Il Sole 24 Ore that he is close to a deal. He would be selling 15 to 20 percent of the company. In case you're interested in making an offer. The cost is 1.84 billion dollars! I guess the fashion business isn't completely belly up in this worldwide recession. Go figure.

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