The Wall Street Journal reports that Italian fashion designer Roberto Cavalli has said he is open to selling a majority stake in his fashion company to Swiss-based luxury goods group Richemont:

Cavalli said in an interview on Sunday he had not been in talks with Richemont but hoped to receive an offer from the group.

“Richemont is the most interesting group, because it does not have a lot of fashion (brands),” Cavalli told the newspaper. The Journal said a Richemont spokesman could not be reached for comment.

Cavalli, who is 66, has been seeking a buyer for his company in recent months, including private equity companies such as Carlyle Group.

Cavalli said he was open to selling a majority stake in his firm, which he valued at “much more” than 1 billion euros ($1.41 billion), the Journal said.