Robert Cavalli Acquisition Negotiations Are Coming To An End.
While negotiating with the Italy private equity fund Clessidra SGR SpA for the sale of the majority stake, Italy luxury group Roberto Cavalli 2014 has seen a slight increase in its sales revenue, but its overall profit has declined. Due to social and economic instability, the decline in the performance of wholesale channels and the withdrawal of authorized cooperative franchisees have been recorded.
According to the US media, the negotiations between Cavalli and Clessidra are progressing well and the relevant "paperwork" has been signed.
The paction is expected to be completed in three or four 2015.
According to people familiar with the matter, the agreement Clessidra will buy up to 90% of the shares. Then, Clessidra SGR SpA executive vice president Francesco Trapani will be the chief executive of Roberto Cavalli SpA; the veteran director of Cavalli, the art director of Italy brand Emilio Emilio, will be returned to the company.
Key figures for 2014 are as follows:
Sales reached 209 million euros, a year-on-year increase of 4.2%.
Wholesale channel revenue fell 4% year-on-year, especially in the Russian market.
Authorized income increased by 11.6% over the same period. Although some revenue from authorized businesses has increased, credit repair still has a negative impact on early corporate performance.
Cavalli Class former authorized Dressing SpA has withdrawn from authorized cooperation.
Retail sales accounted for 68% of the total revenue, up 1.2% in 2014, and sales revenue in the outlets increased by 6% year-on-year, thanks to Vienna.
Saint Tropez
The new store opened with Hongkong, and the new flagship store on via Monte Napoleone street in Milan.
Profit before interest tax depreciation amortization (EBITDA) 14 million 800 thousand euros, down 33.9%
Removal of license authority
Agent
Writedowns and non operating expenditure increased by EBITDA to 24 million 400 thousand euros, up 8.9% over the same period last year.
By the end of 2014, Cavalli group's brand stores reached 190, an increase of 11 compared to 2013.
Among them, 91 Roberto Cavalli brand stores (including 41 Direct stores), 54 sub line Just Cavalli stores, 28 Cavalli Class stores, and 17 others.
Roberto Cavalli Junior
Children's clothing shop.
The new franchise stores are open in Macao and Bangkok.
Future Ltd will increase investment in new stores. In September, it will open a new store in Houston, Hongkong. Its new store will also open in June.
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