Wednesday, December 17, 2014

Horses: the agreement appears to be achieved. Hourglass take the … – The Nation

Horses: the agreement appears to be achieved. Hourglass take the … – The Nation

Florence, December 17, 2014 – Florence – the “case” Horses and the sale d el brand founded over 40 years ago by the Florentine designer Roberto Cavalli appears to have ended with the passage of the majority of house of the king of animal prints to Italian investment fund Clessidra headed by Claudio Sposito.

The designer would remain a minority shareholder, but the presidency of the brand will go to the Vice President of Hourglass Francesco Trapani who was the president of Bulgarians before the passage of the house of fine jewelry at LVMH’s Bernard Arnault. So in Trapani will be up today decisions on the relaunch of the brand Cavalli while the Florentine designer will have to decide whether to stay or not driving style? Pending official communications the world of fashion wonders if with Trapani will also reconsidered the role of his wife Eva Cavalli that has always worked as the right arm of Roberto.

The news is also confirmed by on Daily American fashion WWD and Pambianco News as on ‘Ansa . In short, the Roberto Cavalli SPA remains Italian, very Italian, being nuanced just a few days the long negotiations with the Russians. After a first approach in 2009 ended with a “no thanks”, following an evaluation of 400 million euro deemed insufficient, Sposito has turned up again in late November, the failed takeover attempt by Russian VTB. According to the reconstructions, the fund was aimed at 70% of the Florentine fashion house, but from initial assessment of $ 800 million were down too and Horses has pulled back. That there was an ongoing negotiation was the same Cavalli to confirm no later than September 20 of last “signature – referring to the designer – still there but the sale will be.” “I like the people I’m dealing with now – he added – and I do not look at what language they spea k.”

On a detail, however, the designer put a full stop: “Without me you do not go forward.” With the return of Sposito and exclusive black and white, aiming to conclude by March the language spoken by the interlocutor is unknown and also the availability of the latter to satisfy the condition of horses to give up a share of sovereignty in own creature. How exactly Horses will sell the fund headed by Sposito is not yet known, but certainly there will remain a shareholder and which will have the burden to “support” the new leadership team in the project to relaunch the brand. Last night was the designer of the Villa Reale in Monza with his wife Eva at charity dinner organized by Franca Sozzani to raise funds in support of European Institute of Oncology; those who were close to him saw him frowning, as quite worried. Apparently the deal with Hourglass goes on, rather it is the terminus and the fate of his “creation” are no longer just in the h ands, in the heart and head of the brilliant Roberto Cavalli has always proudly brought into the world his Florentine.

Eva Desire

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