Roberto Cavalli Reorganized To Lay Off More People And Protests Broke Out.

The Italy luxury brand Roberto Cavalli SpA, which has already started restructuring, has sold 90% of its shares to ClessidraSGRSpA, a private equity fund in Italy.

According to reports from Italy's Ansha news agency, to streamline the structure, accelerate the brand's reconstruction under the leadership of the new CEO Renato Semerari and creative director Peter Dundas, and Roberto Cavalli SpA launched a 350 week operation on the Osmannoro factory in northern Florence.

A small number of 70 of them were affected by 70 staff in Milan headquarters.

The anger of employees and trade unions has been triggered, and hundreds of employees have been protesting outside the Osmannoro factory on Tuesday, October 27th, wearing a lionised head mask worn by their representatives. On the same day, the Milan headquarters office also organized demonstrations.

Union representatives pointed out that although ClessidraSGRSpA mentioned

However, without the Roberto CavalliSpA's new development and investment plan for employees, there is no sign of sudden massive layoffs. It is totally unacceptable. They hope that Clessidr a SGRSpA can take a less effective replacement method and provide protection for employees.

RobertoCavalliSpA women account for 60% of their employees, with an average age of over 40 years.

RobertoCavalliSpA sold 90% stake to Italy private equity fund Clessidr aSGRSpA in April this year, and designer Cavalli Roberto retained the remaining 10% stake.

Clessi draSGRSpA executive vice president Frances coTrapani served as president of RobertoCavalliSpA.

The sale of Paris flagship property is the first step in RenatoS emerari's pformation and reorganization of Roberto Cavalli SpA from the traditional family business to the enterprise structure. After that, the brand will focus on the collation of the store mix. Renato Semerari plans to close the stores with poor brand performance in Shanghai and Tokyo, and to open new flagship stores in Houston and other cities in the United States.

At that time, the brand did not disclose plans for restructuring such as layoffs.

Earlier this month, Italy media broke the news that Roberto CavalliSpA will sell a 7 tier property located in Paris's luxurious brand RueSaintHonore Saint orange road at Euro 145 million.

Here is the location of Roberto Cavalli Paris flagship store and exhibition room.

Roberto CavalliSpA will use 69 million euros to repay loans from banks such as Unicredit, BNL, Cariparma and Mediocredito and will be used for other investments after 100 million euros after tax.