Italian designer Roberto Cavalli (2ndL) greets the audience at the end of his show for the Menswear Spring-Summer 2015 collection on June 24, 2014 during the Men's fashion week in Milan. AFP PHOTO / TIZIANA FABI
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Gulf investment firm Investcorp has ended talks to buy a majority stake in Italian fashion house Roberto Cavalli, several sources familiar with the deal said, as it was unwilling to pay the 450 million euro ($612 million) price tag.The 73-year-old designer was hoping to receive an offer from Investcorp by a June 30 deadline, but the Bahrain-based private equity company walked away from the negotiation table, said two sources close to the deal.Permira was prepared to offer more than 300 million euros to secure control of the company but the designer was adamant on pricing, the sources said.
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