AMEinfo EXPERTS

Investcorp ends talks on Cavalli stake

June 29, 2014 3:11 am


Bahrain-based investment firm, Investcorp has decided to end talks to acquire a majority stake in Italian fashion house Roberto Cavalli, as it was unwilling to pay the €450m ($612m) price tag, Reuters has reported. The 73-year-old designer was hoping to receive an offer from Investcorp by a June 30 deadline, but the Bahrain-based private equity company walked away from the negotiation table, said two sources close to the deal. “The company lacks appeal and there is a discrepancy between the asking price and the cost of turning around the business,” said one of the sources, speaking on condition of anonymity.

By

AMEinfo EXPERTS
by Ismail Al Hammadi
Al Ruwad Real Estate


VIEW ALL EXPERTS
s