The brand is known for its prints
Hussain Sajwani, the chairman of Dubai-based Damac Properties, has bought the Italian fashion group Roberto Cavalli SpA through his private investment company, Vision Investments. The firm emerged as the top bidder amongst various entities all vying for the brand, which was previously controlled by the Italian private equity company Clessidra.
The acquisition of Roberto Cavalli by Vision Investments is an evolution of a partnership that was signed in 2017 between the fashion house and Vision’s parent company, the DICO Group. Roberto Cavalli had started to develop the interiors for luxury hotels under the ‘AYKON Hotels with interior design by Roberto Cavalli’ brand.
Sajwani has revealed that the transaction was executed swiftly, and said he plans to ensure stability in management. DICO Group, established in 1992, has a diverse portfolio of interests all over the world, including property, hotels, manufacturing and catering.
Roberto Cavalli specialises in luxury clothing, perfume and accessories, and was founded by the fashion designer of the same name. Cavalli invented and patented a technique for printing onto leather in the early 1970s, and began taking commissions from such Parisian fashion houses as Hermès and Pierre Cardin, opening his first boutique in 1972.
In Dubai, the Cavalli name can be found in Dubai Mall and Mall of the Emirates, and after dark at the Cavalli Club restaurant and lounge in the Fairmont Dubai hotel.