Roberto Cavalli, the illustrious Italian fashion group, is poised for a triumphant return to profitability in 2024, as affirmed by CEO Sergio Azzolari. In a recent interview, Azzolari confidently stated, «The operational break-even will arrive by 2024 with the first profits,» signaling a positive trajectory for this iconic brand.
Azzolari, at the helm since April, sets ambitious revenue projections, targeting approximately 120 million euros ($131.78 million) in 2023—a substantial increase from the reported 87 million euros in the previous year. Looking ahead, his vision extends to significant growth, with a sales target ranging between 400-500 million euros.
Under the ownership of Dubai’s Damac Properties founder Hussain Sajwani, who rescued the Florence-based Cavalli in 2019, Azzolari emphasizes a strategic approach. There are no plans to seek new shareholders or open new credit lines, underscoring the brand’s commitment to achieving financial stability and sustainable growth.
As Roberto Cavalli charts its course for 2024, the fashion world eagerly anticipates the resurgence of this iconic brand, ready to reclaim its position at the forefront of the industry. Stay tuned for the exciting journey ahead as Roberto Cavalli steers towards profitability and renewed prominence.
