BREAKING NEWS

BREAKING NEWS

Diesel founder interested in Italy's Roberto Cavalli - paper

Diesel founder interested in Italy's Roberto Cavalli - paper
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Leonhard Foeger(Reuters)
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MILAN (Reuters) - Renzo Rosso, the founder of fashion label Diesel, is interested in buying Italy's Roberto Cavalli through his OTB holding company, Il Sole 24 Ore said on Friday.

OTB is one of around 10 players that have expressed interest in Cavalli, which is being advised by Rothschild, the paper said.

Roberto Cavalli, controlled by private equity firm Clessidra, reported sales of around 152 million euros (136 million pounds) last year.

(Reporting by Stephen Jewkes; Editing by Mark Potter)

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