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Cavalli Puts Off Equity Talks

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by Sara Clemence
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Jul 28 2008 3:08pm EDT

Cavalli Puts Off Equity Talks

For a change, it seems Roberto Cavalli can't make up his mind.

The Italian designer and manufacturer has had bankers at Merrill Lynch in London and Italy working on deals with buyout groups Carlyle, Lion Capital and TPG, to sell a stake in his Italian fashion empire, known for slinky shapes and chiffon fabrics in leopards and florals. But, according to Luxist.com, the deals halted when the buyers estimated Cavalli's empire, which includes luxe level clothing under the name Roberto Cavalli, and a less expense line Just Cavalli, and Just Cavalli Jeans, at one billion dollars - and the designer estimates it at two billion.

It's unclear if the talks are off permanently, or Cavalli will seek a buyout by partners with deeper pockets. One thing is for sure - the big private equity checks being written to luxury companies a few years ago are not nearly as fast in the forthcoming.

by Merle Ginsberg

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