. home.aspx

NEWS

home.aspx
   


Roberto Cavalli files Chapter 7

April 08, 2019 / Kaarin Vembar
SHARESHARESHARE

Noting that its Italian parent company, Roberto Cavalli S.p.A., "is also experiencing significant financial distress," the apparel brand’s U.S. operation on Thursday filed for Chapter 7 in the United States Bankruptcy Court for the Southern District of New York, which entails liquidating the business. That unit, which does business as Art Fashion Corporation, is "no longer able to operate as a going concern," according to court documents. Luxury fashion house Roberto Cavalli closed all U.S. stores on Friday and is preparing to liquidate its North American operations, which does business as Art Fashion Corp., according to Business of Fashion and confirmed by the New York Times. The company is expected to file Chapter 7 bankruptcy this week, a Cavalli spokesperson confirmed to both publications.