Fashion brand Roberto Cavalli emerged from bankruptcy. Image credit: Roberto Cavalli
Buying a brand out of bankruptcy: What are you really getting?
Posted By a Luxury Daily columnist On In Columns,Featured,Industry sectors,Legal and privacy,Opinion | No 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","iv":"e735ddf328f18e95323eceefe4f594db","s":"bd14deccca6520fa"}