Home Retail Roberto Cavalli Cafe’s and Clubs set for international expansion

    Roberto Cavalli Cafe’s and Clubs set for international expansion

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    The international chain of Cafe’s and Clubs is expanding thanks to a licensing agreement between and Lebanese owned . Chairman of the Group, , announced that is has signed 20 agreements, valued at $150 million. The Group is already the local partner of the Italian house for the Cavalli Club which has been operating since 2009 in Dubai. Currently, there is a Cavalli Club operating in Florence and a Just Cavalli Cafe in Milan.

    Roberto Cavalli slashes 200 jobs worldwide
    Norwegian-born Dundas faced a tough challenge: reviving a brand considered past its prime while preserving its iconic features after founder Roberto Cavalli sold a majority stake to private equity fund Clessidra in April last year

    As planned, by 2015, Pragma will be opening five Cavalli Clubs and 15 Cavalli Cafe’s in several key international locations. The first Cavalli Cafe’s are scheduled to be inagurated by 2012 in Beirut, Istanbul, , Mumbai, and Sao Paolo. Once fully rolled out the value of the properties will be worth $300 million, of which approximetly $75 million will be provided by Pragma Group’s fund, Laylak, whereas the rest will come from local investors.

    – IndiaRetailing Bureau