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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


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.