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Roberto Cavalli shuts down in US

The Business of Fashion reports that Italian fashion house Roberto Cavalli has closed its US stores and that it is preparing to liquidate its North American operations.

Security guards entered the company's US stores - including approximately seven full-line stores and a handful of off-price outlets - on 29 March 2019 and instructed employees to leave, according to two salespeople.

The brand is seeking an agreement with creditors to stay afloat as it searches for an investor.

Read more on this here.
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