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Fashion Jobs
TK MAXX
Tkmaxx Full-Time Loss Prevention Officer-Waltham Abbey
Permanent · London
TK MAXX
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TK MAXX
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DR. MARTENS
Financial Analyst, Apac
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SELFRIDGES
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HARVEY NICHOLS
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SPORTS DIRECT
Loss Prevention Supervisor
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Sales Executive Boss Menswear
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TK MAXX
Loss Prevention Officer - Permanent - tk Maxx - Milton Keynes
Permanent · Milton Keynes
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
Permanent · London
UNDER ARMOUR
Stock Lead, ft (40 Hours)
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SELFRIDGES
Finance Analyst- Domain
Permanent · LONDON
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Tech Business Analyst - Customer & Omni
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HARVEY NICHOLS
Brand Consultant - Paul Smith
Permanent · LONDON
BURBERRY
Senior IT Operations Manager
Permanent · LONDON
BURBERRY
IT Project Manager
Permanent · LONDON
REISS
Retail Operations Coordinator-Part Time
Permanent · LONDON
REISS
Retail Operations Coordinator
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
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By
Reuters API
Published
Oct 29, 2019
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Italy's Cavalli wins court approval for sale to Dubai's Damac founder

By
Reuters API
Published
Oct 29, 2019

Italy's troubled fashion house Roberto Cavalli said on Tuesday a court had approved a debt restructuring agreement needed for its sale to Dubai's Vision Investment Company, a group owned by the founder of Damac Properties Group.


Roberto Cavalli - Fall-Winter2019 - Womenswear - Milan - © PixelFormula



Italian private equity firm Clessidra took over 90% of the label from its founder in 2015, in a deal that valued the company at about 390 million euros (£337 million), sources said at the time.

But the new owner was unable to turn around the Italian brand despite appointing a new CEO and a new designer. The group started looking for an investor over a year ago, given that the Clessidra fund holding the Cavalli stake was close to its statutory investment limit, a source had said.

Clessidra and the board of Cavalli chose the Dubai-based company among five other offers. Damac is already a partner of Cavalli in a real estate project in the middle eastern region.

 

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