Italian Fashion Designer Roberto Cavalli Dies Aged 83

FILE PHOTO: Italian designer Roberto Cavalli acknowledges applause on the catwalk with US model Cindy Crawford at the end of his Autumn/Winter 2002/03 collection at Milan fashion week March 4, 2002. REUTERS/Paolo Cocco/File Photo
FILE PHOTO: Italian designer Roberto Cavalli acknowledges applause on the catwalk with US model Cindy Crawford at the end of his Autumn/Winter 2002/03 collection at Milan fashion week March 4, 2002. REUTERS/Paolo Cocco/File Photo
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Italian Fashion Designer Roberto Cavalli Dies Aged 83

FILE PHOTO: Italian designer Roberto Cavalli acknowledges applause on the catwalk with US model Cindy Crawford at the end of his Autumn/Winter 2002/03 collection at Milan fashion week March 4, 2002. REUTERS/Paolo Cocco/File Photo
FILE PHOTO: Italian designer Roberto Cavalli acknowledges applause on the catwalk with US model Cindy Crawford at the end of his Autumn/Winter 2002/03 collection at Milan fashion week March 4, 2002. REUTERS/Paolo Cocco/File Photo

Italian fashion designer Roberto Cavalli, known for his animal-print designs loved by showbusiness stars, has died at the age of 83, his company said.
Cavalli, who founded his label in the early 1970s, had been ill for some time. He is survived by his six children and his partner Sandra Bergman Nilsson.
"The Roberto Cavalli company shares condolences with Mr. Cavalli's family, his legacy remains a constant source of inspiration," Sergio Azzolari, chief executive of Roberto Cavalli, said in a post on Instagram.
The designer died on Friday at his home in Florence, Italian news agency ANSA reported.
Cavalli, who used bright colors and patchwork effects in his often revealing creations, was an extroverted art lover who wore tinted glasses and smoked a cigar, Reuters reported.
He expanded into real estate and often spent evenings in his popular "Just Cavalli Cafe," a nightclub in central Milan.
Giorgio Armani said he always had "enormous respect" for Cavalli even though his vision of fashion could not have been more different.
"Roberto was a true artist, wild and wonderful in his use of prints, capable of transforming fantasy into seductive clothes," he posted on social media platform X.
A popular image of US model Cindy Crawford in July 2000 shows her descending Rome's Spanish steps in a Cavalli-designed long slip dress depicting a tiger face.
"You will be missed and you are loved by so many that your name will continue on, a beacon of inspiration for others, and especially for me," said Roberto Cavalli's creative director Fausto Puglisi.



Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
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Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group struggles to revive its key label Gucci and worries grow about a prolonged downturn in high-end spending.

Sales at the French luxury group which owns labels Gucci, Boucheron and Balenciaga, fell to 4.5 billion euros ($4.9 billion), an 11% drop on an organic basis, which strips out currency effects and acquisitions.

The figure was below analyst expectations for a 9% drop, according to a Visible Alpha consensus.

It also said second-half operating income could fall by around 30%, following a 42% drop in the first half.

Sales at Gucci fell 19%, showing no improvement from the first quarter, and below analyst expectations for a 16% decline, according to a Visible Alpha consensus.

Kering has been revamping Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit.

Minimalist designs from new creative director Sabato de Sarno, which began trickling into stores earlier this year, are key to the design reset and push upmarket, in a bid to cater to wealthier clients who are more immune to economic headwinds.

Kering chief financial officer Armelle Poulou told reporters that the designs had been well received and the rollout was on track.

But the efforts have been complicated by a downturn in the global luxury market, while China's rebound - traditionally Gucci's most coveted market - was clouded by a property crisis and high youth unemployment as Western markets came down from a post-pandemic splurge.

Earnings from sector bellwether LVMH on Tuesday missed expectations as sales rose 1%, offering few signs that a pickup is around the corner, sending shares in luxury goods companies down on Wednesday. Kering traded at its lowest level since 2017.