Spring is here, which means we have free reign to wear pastels!
Word on the streets is that Permira (a London-based equity firm) is looking to buy Roberto Cavalli (the company, not the man. That would be slavery). Right now, the word is Permira is willing to pay about $621 million dollars for the company. Not too shabby. Especially if Roberto (the man) will retain a minimum 20% share of the company.
If Roberto was my client, would I advise him to take the deal? Yes. Not so much for the money, but for the money. Roberto is no spring chicken, and if he holds up to 40% stake in the company, he still has his hand in the mix (meaning the brand won’t go from leopard prints to J Crew overnight). The money is good, so go for it.