×
451
Fashion Jobs
BAJAJ FINANCE
Area Sales Manager
Permanent · Bengaluru
CHAMPION JOINTINGS
Area Sales Manager - Banglore - Coimbatore - Chennai
Permanent · Mumbai
CHAMPION JOINTINGS
Area Sales Manager - Hyderabad - Vishakapatnam
Permanent · Mumbai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Sukma
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Bihariganj
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Jehanabad
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Sitamarhi
DIAMOND WHITE CEMENT PVT. LTD.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Shimla
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Jharsuguda
RELIANCE RETAIL
Hiring Territory Sales Manager - Ajio Business - Mangalore
Permanent · Mangaluru
DEC0T0UCH PAINTS LIMITED
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Kushinagar
TATA AIG GENERAL INSURANCE COMPANY
Channel Sales Manager - Agency Health - Chennai & Rotn Locations
Permanent · Tiruchirappalli
DIAMOND WHITE CEMENT PRIVATE LIMITED.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Faridkot
DIAMOND WHITE CEMENT PVT.LTD
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Panchkula
DIAMOND WHITE CEMENT PVT. LTD.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Sonipat
DIAMOND WHITE CEMENT PVT. LTD.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Mau
DIAMOND WHITE CEMENT PRIVATE LIMITED.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Jalandhar
DIAMOND WHITE CEMENT PRIVATE LIMITED.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Bela Pratapgarh
SOUTHERN SPINNERS AND PROCESSORS LIMITED (A UNIT OF J. K. FENNER (INDIA) LIMITED)
Production Manager
Permanent · Salem
TATA AIG GENERAL INSURANCE COMPANY
Area Sales Manager / Branch Manager - Agency Health - Chennai Location
Permanent · Chennai
Published
Dec 15, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Roberto Cavalli reaches union agreement on mass job cuts

Published
Dec 15, 2016

Faced with financial struggles, Roberto Cavalli -- the fashion house taken over in April 2015 by Italian private equity group Clessidra Capital Partners -- has reached a new agreement with unions, following the announcement last month that the brand would cut 200 employees from its 672-strong team.

Roberto Cavalli, spring/summer 2017 - © PixelFormula


According to a press release delivered to local media, total redundancies have been reduced to close to 89 employees, from 200. At the brand's Florence site, where protests have increased over the past few weeks, some 50 employees will now leave, compared to 77.

Still confirmed, however, is the closure of the Milan office, which will see all business activities transferred to Osmannoro, the Florentine site, as well as the closure of several boutiques.

Roberto Cavalli's restructuring began last October with the announcement its creative director, Peter Dundas, would depart, and Gian Giacomo Ferraris would take Dundas' place.

An expert in company turnarounds, Ferraris was appointed head of the Florentine label in July 2016, following successful stints at Jil Sander, and then, Versace.

In 2015, Roberto Cavalli reported a 14.2% drop in revenues, to 179.7 million euros, and a gross operating loss of 1.6 million euros.

The luxury brand, which recorded a net loss of 9.7 millions euros in 2014, managed to record a profit of 32,7 millions euros last year, thanks to the capital gained by the sale of its Parisian building on rue Cambon.

However, 2016 is expected to see financial losses again with an estimated turnover between 155 and 160 million euros.
 

Copyright © 2022 FashionNetwork.com All rights reserved.