Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

or
clock menu more-arrow no yes

Filed under:

Roberto Cavalli Has a New Owner

Photo: Getty Images
Photo: Getty Images

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Roberto Cavalli has officially sold 90% of the brand to an Italian private equity firm, Clessidra SGR, according to WWD. The news comes one month after Peter Dundas was appointed to lead the brand as its new creative director.

"I am extremely satisfied to have signed this agreement with an Italian partner which, I am sure, will further develop what I have built in a lifetime," Cavalli told WWD. "Clessidra will provide financial, managerial, and human resources that will allow the company to grow further and face the challenges of the ever-evolving luxury market."

Roberto Cavalli is the latest in a slew of designers preparing to step back from their brands: Diane Von Furstenberg just named a successor and Donna Karan hired the designers behind Public School to take over DKNY.