Roberto Cavalli Group'S Core Profit Plunged 33.9% Last Year

Revenue from wholesale channels declined.

And authorized authorized agents to write down, Italy luxury group Roberto Cavalli SpA2014 core profit EBITDA (interest tax depreciation amortization profit before) fell 33.9% to 14 million 800 thousand euros.

Excluding the authorized authorized agents, the core profit of the group increased by 8.9% to 24 million 400 thousand euros in 2014.

Roberto Cavalli SpA Group recorded an increase of 4.2% in 2014, up from 201 million euros in the same period last year to 209 million 400 thousand euros.

Under the influence of the Russian market downturn, wholesale revenue declined by 4% throughout the year, while retail revenue increased by 1.2%, of which direct store revenue rose by 6%; authorized income increased by 11.6 in 2014.

By the end of 2014

SpA group public pport camp 190 stores, a year-on-year net increase of 11, of which 91 are Roberto Cavalli brands, including 41 direct and 50 agents, 54 sub line Just Cavalli stores and 28 Cavalli Class stores, and 17 Roberto Cavalli Junior children's wear shops.

As for Italy private Holdings Company Clessidra SGR SpA on the sale of the majority

The negotiations on the Roberto Cavalli SpA show smooth progress, and the paction is expected to be completed in the first quarter. The two sides have started exclusive negotiations since December last year.

People familiar with the matter say that Clessidra SGR SpA will buy Roberto Cavalli SpA 90% at most.

Clessidra SGR SpA 2009 has attempted to invest in Roberto Cavalli SpA in the year of 2009, when it hoped to buy Roberto Cavalli SpA 30% stake with an estimated value of about 400 million euros.

If the paction is successful, Clessidra SGR SpA executive vice president Francesco Trapani will be the Roberto Cavalli SpA president, while Roberto Cavalli reserves a minority stake and assists the new management to start remodeling and developing Roberto Roberto.

Francesco Trapani is the family successor of Italy luxury jewelry brand Bulgari Bvlgari. After the acquisition of Bulgari Bvlgari by LVMH Mo t Hennessy Louis Vuitton SA (Hennessy) MOET & CHANDON Hennessy Louis Weedon group, it became chief executive officer of jewelry and wrist watch Department of the world's largest luxury group. After being cleaned in January this year, it joined the company as shareholder and business partner.