Damac news and archive

Roberto Cavalli’s parent company confirms brand is not for sale

DAMAC Group, the parent company of Italy’s Roberto Cavalli, has confirmed the brand is not up for sale. Its comment comes in response to media speculation that suggested the company was exploring strategic options for the brand. In a statement shared with FashionUnited on July 31, a spokesperson for the DAMAC Group said: “Since acquiring the...

FeaturedMember

Business

Roberto Cavalli acquired by Vision Investment

Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion designer Philipp Plein together with private...