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Clessidra, owner of Roberto Cavalli acquired by Italmobiliare

Clessidra SpA, parent company of luxury fashion brands Roberto Cavalli and Buccellati has a new owner. Italmobiliare, a private equity fund, has signed an agreement to acquire Clessidra in a deal which values the fashion company at 20 million euros. “The acquisition of Clessidra is part of its portfolio diversification strategy and represents a...