fashion + beauty + insider interviews + est 2006
Monday, July 28, 2008
italy - so we sort of knew this already when earlier this year the italian designer called of talks with companies interested in buying his company. now he's cut off talks with the main company involved with selling his comopany - merrill lynch. the bottom line turned out to be money. merrill lynch valued the company at around 1 bllion euros, while cavalli and company firmly believe the company should have been valued around 2 billion. so what does this mean for the future sale of the company? i think i will be a very long time before this discussion is broached again, personally. at the end of the day - though i am sure that was not the intention - it seems cavalli got more publicity from this than anything else.