While it has not been a fashion buyout without complication (if there is such a thing), the sale of the Italian Roberto Cavalli label is still ongoing, sources close to the deal say. It is rumoured the Italian label is said to be narrowing down its list of suitors, which even though have been varied and plentiful, is yet to still find the one.
Permira and Investcorp which have shown interest in the brand earlier this year have reportedly pulled themselves out of the running for the sale, the stumbling blocks being the valuation of the house. Qatar Holding have also been linked with the deal, WWD reports, and has not yet pulled from the race sale WWD reports. However there may also be plenty of other potential buyers keeping a low profile.
This is not the first instance that Cavalli has proved too costly for interested investors, a sale in 2009 was previously abolished when agreement could not be settled on its value between management and interested parties. It is thought that Permira valued the brand at around €450 million during the latest round of negotiations, although figures up to €1 billion have been mentioned in the past.
