Roberto Cavalli Will Complete A 60% Share Sale.
according to
report
Italy fashion designer Roberto Cavalli has signed a letter of intent to sell shares with the investment organization VTB Capital of Russia's VTB Group to sell its shares of Roberto Cavalli SpA 60% of the same brand.
The deal is VTB Capital's acquisition for a Sepp Los based fund at a price of about 500 million euros, and Roberto Cavalli SpA brand valuation of 830 million euros, which will be completed by mid October, which means the end of the long negotiations on the designer's sale of shares.
Past times
several years
Cavalli rejected a number of investment companies because of its brand valuation problem.
In 2009, he signed another sale letter of intent and agreed to sell 30% of the shares to Clessidra SGR SpA, a private equity fund in Italy. Later, the letter of intent was not available.
Law
The effect is not clear.
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