Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, November 29 2019 - 01:22
DAMAC Chairman Hussain Sajwani's Private Investment Firm Acquires Italian Fashion Brand Icon Roberto Cavalli
MILAN, Nov. 29, 2019 /PRNewswire-AsiaNet/ --

Chairman of Dubai based DAMAC Properties, Hussain Sajwani, through his private 
investment company, Vision Investments, has bought the Italian fashion group 
Roberto Cavalli SpA. 

The acquisition of the Florentine brand was completed on November 28th.

The UAE-based investment company emerged 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, 

The acquisition of Roberto Cavalli by Vision Investments, part of the DICO 
Group, is an evolution of a partnership that was signed in 2017 between the 
fashion house and the DICO Group. Under the partnership, Roberto Cavalli will 
develop the interiors for luxury hotels under the 'AYKON Hotels with interior 
design by Roberto Cavalli' brand.

Speaking about the acquisition, Hussain Sajwani said:

"We are excited about carrying forward the incredible legacy of the Roberto 
Cavalli brand. DICO has a long and fruitful association with Roberto Cavalli, 
and I believe that the brand resonates with our idea of luxury. I am happy to 
announce that the transaction was executed swiftly and that we will ensure 
stability in management.

"At DICO Investments, we aspire to own internationally recognized brands, and 
this acquisition marks a significant step in our strategy."

Established in 1992, the DICO Group is the multi-billion-dollar investment arm 
of Hussain Sajwani with diverse interests in markets around the world. The 
company's investments are divided into five core areas; namely, Capital 
markets, Real Estate, Hotels & Resorts, Manufacturing and Catering and now 
luxury fashion.

Some of DICO Investment's most notable activities include the 50 storey DAMAC 
Towers Nine Elms in London, a luxury resort in the Maldives, shopping malls in 
Iraq, and the Mina Al Sultan Qaboos Waterfront real estate project in Oman, 
among others. The investment company plans to deploy approximately $3 billion 
over the next few years in key markets across Western Europe and the US.

Today, the DICO Group's global footprint extends across North America, Europe, 
Asia, Middle East and Africa. With its vision firmly set on growth and 
expansion, the DICO Group continues in its quest for diversification and 
business excellence. or

Photo -

Source – DAMAC Properties