Roberto Cavalli announces job cuts, closures
The company unveiled the plans on Wednesday after announcing creative director Peter Dundas was leaving after only three seasons
Roberto Cavalli’s new owners are cutting 200 jobs, closing stores and replacing the fashion house’s creative director in a reorganisation aimed at making a profit by 2018.
Chief Executive Gian Giacomo Ferraris said the reorganisation is necessary given the fashion industry is one where “only iconic brands with a coherent business model and an efficient organisation can survive.”
The company unveiled the plans on Wednesday after announcing creative director Peter Dundas was leaving after only three seasons.
The Norwegian-born Dundas had worked at Cavalli during its heyday from 2002-2005 and returned in March 2015 after completing a seven-year run as Pucci’s creative director. He had the delicate task of reviving a brand viewed as past its prime while retaining its most iconic elements after the house founder, Roberto Cavalli, sold a majority stake to private equity firm Clessidra.
Cavalli retains a 10 per cent stake and remains a consultant.
The reorganisation calls for closing Roberto Cavalli’s Milan corporate and design offices and relocating them to Florence, closing some stores and reducing the global headcount of 672 by 200, a statement said.
