Francesco Trapani news and archive

Tiffany & Co exec board member Francesco Trapani steps down

Tiffany & Co executive board member Francesco Trapani has exited the luxury jeweler just a week after it was acquired for 16.2 billion dollars by luxury conglomerate LVMH. According to a SEC filing, Trapani’s decision to resign was “not the result of any disagreement with Registrant’s operations, policies or procedures or any matter related to...

Business |UPDATE

Clessidra acquires Roberto Cavalli

Following months of discussions and negotiations, Italian private equity firm Clessidra and fashion brand Roberto Cavalli have finally come to an agreement. Clessidra has acquired 90 percent of the Florence-based brand, for an estimated 400 million euros, or 291 million pounds according to current exchange rates. “I am extremely satisfied to...