UAE tycoon buys Italian fashion group Roberto Cavalli

UAE tycoon buys Italian fashion group Roberto Cavalli

PanARMENIAN.Net - Damac Properties PJSC’s chairman bought Italian fashion group Roberto Cavalli SpA through his private investment firm, Bloomberg reports.

Hussain Sajwani’s Vision Investments completed the acquisition of the Florentine brand on Thursday, November 28 according to a statement.

It didn’t provide a value for the deal.

Roberto Cavalli was previously controlled by the Italian private equity company, Clessidra Sgr.

 Top stories
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
Partner news
---