396
Fashion Jobs
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
TOM FORD
Marketing Director, Tom Ford Beauty
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
CHANEL
Business Systems Manager – Learning/Collaboration/Talent
Permanent · TAIKOO SHING
CHANEL
Assistant Payroll Manager - HR Business Services, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Client Engagement Executive
Permanent · TAIKOO SHING
CHANEL
Senior Manager, People Sustainability Reporting
Permanent · TAIKOO SHING
CHANEL
IT Asset Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Head of Governance & Operations, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Merchandising Manager
Permanent · TAIKOO SHING
CHANEL
Head of Learning Ecosystem And Retail Learning & Development, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Sustainability Manager (Sustainable Built Environment), Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Assistant Project Manager, Asia Pacific
Permanent · TAIKOO SHING
By
Reuters
Published
May 27, 2009
Download
Download the article
Print
Text size

Cavalli no longer sure about stake sale

By
Reuters
Published
May 27, 2009

MILAN, May 27 (Reuters) - Italian designer Roberto Cavalli is no longer sure about selling a stake in his fashion house and expects 2009 turnover to be down 12 to 13 percent, he told an Italian newspaper in an interview published on Wednesday 27 May.


Just Cavalli Spring-Summer 2009

Cavalli, whose bold prints have won him fans among celebrities such as Victoria Beckham and Paris Hilton, has been in talks with private equity fund Clessidra.

Aked by Il Sole 24 Ore whether he was selling, Cavalli said: "I don't know, honestly".

"We are adrift on the sale. The magic EBITDA number in our 2008 results is not rich -- 4 million euros ($5.6 million). With current luxury multiples, I don't think it's worth selling," he added, referring to earnings before interest, tax, depreciation and amortisation.

The 68-year-old designer said the deadline for exclusive talks with Clessidra for 30 percent of the capital is May 31.

"I am no longer convinced that selling (a stake) is the right move. I think this brand has a value and a decisively higher potential than in the current difficult climate," he said. "I also fear losing my freedom."

He also told Il Sole he expected 2009 turnover to fall 12-13 percent. "January and February are two months to cancel -- as if the shops were closed for refurbishing. After that, it was better even if we are missing shopping by Russian consumers," he said. (Editing by David Holmes)

© Thomson Reuters 2024 All rights reserved.