Roberto Cavalli shuts down all US stores as it nears bankruptcy

Anca Alexe 03/04/2019 | 09:12

Luxury fashion brand Roberto Cavalli closed down all its US stores on Friday as it struggles to reach a deal with its creditors and find investors to avoid bankruptcy.

The decision to close down the stores came shortly after the company’s director resigned. The company has been in trouble since Roberto Cavalli retired four years ago, which led to internal conflicts.

93 people were left jobless after the stores closed. There were four stores in California, two in New York, and one each in Miami, Las Vegas and Dallas. Online shopping for the brand is also unavailable in the US.

Also on Friday, a spokesperson said that the company was trying to reach an agreement between investors and other parties that can finance the Cavalli brand and offer it the necessary resources to help it overcome its current financial difficulties.

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Anca Alexe | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue