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Roberto Cavalli to sell shares to Russian investors VTB Capital

Roberto Cavalli to sell shares to Russian investors VTB Capital

The Italian job

Editor: Talar Bilemjian


The Italian fashion designer is going over the terms of a sale agreement with VTB Capital, fine-tuning the details to sell a large share of his namesake empire

Roberto Cavalli will soon be signing on the dotted line - According to sources the Florence-born designer has negotiated to sell 60 percent of his namesake company to VTB Capital, part of VTB Group, a major Russian investment bank, for $669 million.

While attempts to sell his company to Permira fell through earlier this year, this new deal with VTB is expected to close this October.  

 

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