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Roberto Cavalli sold

05/05/2015
Italian private equity firm Clessidra SGR has signed a definitive agreement to acquire a majority equity stake in Florence-based luxury brand Roberto Cavalli.

A newly formed company called Varenne will hold the 90% stake in Roberto Cavalli. Founder, Roberto Cavalli, will retain the remaining 10% himself. Co-investors with minority stakes that form part of Varenne’s share in the business include international investment firm L-GAM and Chow Tai Fook Enterprises, a Hong-Kong based holding company controlled by the Cheng family with interests in jewellery and hotels.

Clessidra’s executive vice-chairman, experienced former Bulgari and LVMH executive Francesco Trapani, will become the new chairman of Roberto Cavalli. Renato Semerari has left his post as president of beauty group Coty to become Roberto Cavalli’s new chief executive.

Commenting on the deal, Roberto Cavalli said: “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.”


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