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FinancialNews


  • 30-11-19

    Damac chairman acquires Italian fashion group Roberto Cavalli

    (MENAFN) Leading Dubai-based luxury project developer Damac Properties announced that its chairman Hussain Sajwani fully acquired the Italian fashion brand Roberto Cavalli SpA through his private investment company, Vision Investments.

    The Emirati firm came out as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the Italian Private Equity Company, Clessidra.

    The acquisition of Roberto Cavalli by Vision Investments, part of the Dico Group, is an advancement of a partnership that was signed in 2017 between the fashion house and the Dico Group.

    MENAFN3011201900450000ID1099348416

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