The next fashion trend: private equity

roberto-cavalli.jpgRoberto Cavalli SpA is the latest fashion house to embrace private equity, reports CNN Money. The group is latest in a string of designers who are on the P.E. band wagon including Peter Som, Valentino and Hugo Boss. Designer and owner Roberto Cavalli says the company is looking to sell a stake in order to finance its development abroad. Buyers include US and UK funds Permira, Cinven, Carlyle and possibly Blackstone AND according to Cavalli, he's not accepting any offers that value the company below 1.4 billion euros. 1.4 billion euros??? OBVIOUSLY that Cavalli Vodka must be selling REALLY well!!