SO, to summarise, Roberto Cavalli is ready to sell his business.
Confused? We certainly are. Having announced his intention to sell his eponymous brand in January of this year, Cavalli then reneged last week announcing: "I'm not so sure I want to sell in the end. It's more logical to buy rather than to sell now." Now, it seems, the deal is back on.
The designer has reportedly signed a letter of intent to sell a minority stake in his namesake fashion house, the Wall Street Journal said today, allowing Italian private-equity fund Clessidra SGR SpA to purchase 30 per cent. Although the letter is nonbinding, it has been confirmed by representatives of both companies.
Following the saga's twists and turns thus far, however, no one would dare to hope it will be the final chapter.
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