OTB is set to exit a license agreement with Italian brand Roberto Cavalli for its junior line Just Cavalli.
Cavalli will transfer production and distribution of the line to a new partner, Swinger International, starting with the spring-summer 2023 season, the company said. Verona, Italy-based Swinger’s other brands currently include Versace Jeans Couture and Chiara Ferragni.
Cavalli has been working to relaunch its business under a new designer, Fausto Puglisi, and new CEO Ennio Fontana since real estate developer Damac acquired the debt-saddled fashion house in a court-managed proceeding in 2019.
One of Damac’s first moves was to use the Cavalli name for a $545 million tower that the developer is currently building in Dubai.
Cavalli and Diesel-parent OTB declined to disclose the financial terms of the deal to end Just Cavalli’s license. OTB subsidiary Staff International had operated the line since 2012.
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