  Cavalli dismisses possible sale to Tashir February 22, 2012 - 19:26 AMT PanARMENIAN.Net - Italian fashion house Roberto Cavalli dismissed a report it was in talks with Russian group Tashir, saying no steps had been taken towards a possible sale. "The Cavalli Group categorically denies ... having, or having had, any contacts with Tashir, which it does not know, or having started any pre-sale procedure with anyone," the designer famous for its animal prints said in a statement on Tuesday, Feb 21. Italian financial daily Il Sole 24 Ore reported on Tuesday that the Florentine group was looking at offers from foreign investors, citing in particular Russian property developer Tashir Group. Founder Roberto Cavalli came close to selling a minority stake in his group to Italian private equity fund Clessidra in 2009 but the deal fell apart. Like other Italian luxury groups, the fashion house had been looking at fresh investments to fund expansion. Domestic peers Prada (1913.HK) and Salvatore Ferragamo (SFER.MI) listed respectively on the Hong Kong and Italian stock markets last year, as they bet on fast-growing emerging markets to boost sales. The newspaper said the main hurdle towards a possible sale would be the group's valuation, with the designer wanting a high price for any stake he might sell, Reuters reported.   Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says.   Partner news |  Latest news Narek Manasyan wins European Boxing Championships silver for Armenia  Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. |
