Unions Reveal Investments in Roberto Cavalli

MILAN — Unions Filctem Cgil Firenze and Milano and Femca Cisl went on the record on Tuesday ticking off investments in Roberto Cavalli in the 2016-18 period, following the meeting held on April 1 with the company’s president Emiliano Nitti, chief executive officer Gian Giacomo Ferraris, the mayor of Sesto Fiorentino Lorenzo Falchi and other municipal and regional officials. A figure has been circulating regarding the investments channeled into the company by Cavalli’s owner, Clessidra SGR, and it stands at 450 million euros. According to the unions, Nitti on Monday said around 230 million euros were paid to Roberto Cavalli the designer, as reported, but, in addition, he revealed that around 16 million euros were invested to build the company’s store network in the years from 2016 to 2018 and that 27 million euros were invested in marketing in 2017 and 2018. Adding a capital increase of 15 million euros last year, the investments totaled 58 million euros. As reported, almost 200 employees went on strike at the Roberto Cavalli plant in Sesto Fiorentino, near Florence, on Monday as unions demanded to be informed about the future of the company. “The unions and the employees cannot understand why the main shareholder has decided to disinvest

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