{"id":160682,"date":"2018-12-14T22:38:58","date_gmt":"2018-12-14T22:38:58","guid":{"rendered":"https:\/\/www.theindustry.fashion\/diesel-founder-renzo-rosso-circles-roberto-cavalli\/"},"modified":"2021-08-12T13:54:28","modified_gmt":"2021-08-12T13:54:28","slug":"diesel-founder-renzo-rosso-circles-roberto-cavalli","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/diesel-founder-renzo-rosso-circles-roberto-cavalli\/","title":{"rendered":"Diesel founder Renzo Rosso circles Roberto Cavalli"},"content":{"rendered":"
Diesel founder Renzo Rosso is reported to be one of a number of suiters circling the Roberto Cavalli<\/strong> luxury fashion house which is being advised on a potential sale by Rothschild.<\/p>\n 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<\/strong>.<\/p>\n Rosso is interested in incorporating the house into his OTB (formerly Only The Brave) group, which is already home to Marni and Maison Margiela.<\/strong> Last year Cavalli generated sales of $172m and is controlled by private equity house Cessidra,\u00a0Il Sole 24 Ore\u00a0<\/em>reported today.<\/p>\n A sale of Roberto Cavalli would come on the heels of the sale of the Versace group<\/a> 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.<\/p>\n Another well-known family run Italian house, Missoni, sold a 41.2% stake in June 2018 to\u00a0FSI Mid-Market Growth Equity Fund<\/strong> to help fund its growth.<\/p>\n