VTB Group news and archive

Talks between Roberto Cavalli and VTB Capital continue

Despite previous rumors indicating that Italian designer Roberto Cavalli was close to finalizing the sale of a 60 percent company stake to VTB Capital for 500 million euros, a deal between the two parties has yet to be finalized. “It has been difficult to understand the real intentions of these strange buyers, and I have decided that if you take...

Apparel

Roberto Cavalli sale to be rounded off by mid-October

After months of speculation, Italian designer Roberto Cavalli is closer to sealing the deal to sell a majority stake in his eponymous fashion company than ever before. The designer has apparently signed a letter of intent to sell a 60 percent stake in his company to VTB Capital for 500 million euros, or 399 million pounds, with the agreement...