It's not just Roberto Cavalli's shows that are hot, hot, hot right now -- speculation about the future of his business is, too. In late January, the Cavalli label appeared to be on the verge of being acquired by a third party: There were reports in the European press that Italian private equity firm Permira was in talks to acquire a majority stake in the business for 450 million euros ($600 million), and a string of high-profile executives -- CEO Gianluca Brozzetti, COO Carlo Di Biago and Creative Director of Menswear (and son of Roberto Cavalli) Daniele Cavalli -- left the company at that time.
In the intervening weeks, rumors of those talks have quieted, reportedly over disagreements about (what else?) the company's value, but they're growing louder again. WWD, citing a "market source," says that talks to acquire Cavalli "could be entering their final stages" -- but with whom, it's not clear. WWD indicates there may be a number of interested parties, naming only Permira as a candidate.
Spokespeople for both Permira and the Cavalli Group told Fashionista they do not comment on market rumors.