Fashion

Roberto Cavalli to close headquarters


Roberto Cavalli to close headquarters

Roberto Cavalli has confirmed that the brand’s Tuscan headquarters in
Osmannoro will be closing and all 170 employees will be relocating to
Milan. The transfer procedure for employees will begin starting September
1.

Despite what seems like an amicable move, unions are complaining that
Roberto Cavalli has not cited the economic or any other motivational
reasons behind the move from outside of Florence to Milan. Unions have been
asking for the industrial plan to justify moving a storied Florence brand
out of its territory.

Roberto Cavalli plans to continue operating in the luxury sector and
calling Italy home. The company plans on investing more in e-commerce,
which is particularly crucial now that many stores are closed, and those
that are open are only offering curbside pick-up.

Unions are worried how moving Roberto Cavalli’s production away from
Florence will economically impact the area. In 2016, the company had
originally planned to close their Milan production offices and move
production to the Tuscan headquarters, but that has gone in the reverse
direction.

Last November the company was acquired by Damac Properties founder and
chairman Hussain Sujwani acquired 100 percent of the company through his
private investment firm Vision Investments. Sujwani was most interested in
acquiring Roberto Cavalli to have Cavalli interiors for his luxury hotel
developments.

Cavalli had been going through a series of different financial routes to
keep the company afloat. The details of the final deal with Vision
Investments was not disclosed, but the transaction was reported to be
around 160 million euros along with payment to all creditors.

photo: via Roberto Cavalli Facebook page



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