Diesel founder Renzo Rosso circles Roberto Cavalli
Diesel founder Renzo Rosso is reported to be one of a number of suiters circling the Roberto Cavalli luxury fashion house which is being advised on a potential sale by Rothschild.
It is believed around 10 parties are interested in buying the brand, which is one of the few big name luxury houses not already part of a fashion conglomerate.
Rosso is interested in incorporating the house into his OTB (formerly Only The Brave) group, which is already home to Marni and Maison Margiela. Last year Cavalli generated sales of $172m and is controlled by private equity house Cessidra, Il Sole 24 Ore reported today.
A sale of Roberto Cavalli would come on the heels of the sale of the Versace group to Michael Kors Holdings (now known as Capri Holdings) in September of this year. Capri outlined an ambition to turn Versace into a $2bn brand.
Another well-known family run Italian house, Missoni, sold a 41.2% stake in June 2018 to FSI Mid-Market Growth Equity Fund to help fund its growth.
Roberto Cavalli was founded by the designer of the same name in 1972 and since May 2017, British designer Paul Surridge has been its creative director.