Roberto Cavalli Sale Finalized
MILAN — Roberto Cavalli now officially has a new owner. The acquisition of the brand was finalized on Thursday, as the founder and chairman of Dubai-based Damac Properties, Hussain Sajwani, confirmed the purchase of 100 percent of the Italian fashion house through his private investment company Vision Investments. Vision Investments, part of the Dico Group, is an evolution of a partnership that was signed in 2017 between Cavalli and the Dico Group for the development of Cavalli interiors for luxury hotels under the Aykon moniker. “We are excited about carrying forward the incredible legacy of the Roberto Cavalli brand,” said Sajwani. “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 throughout the transition period.” As reported, it is understood that Cavalli’s chief executive officer Gian Giacomo Ferraris was instrumental in sealing the deal and was expected to stay on to lead the brand. “At Dico Investments, we aspire to own internationally recognized brands, and this acquisition marks a significant step in our strategy,” Sajwani added. Dico, which is Sajwani’s multi-billion-dollar investment armFollow WWD on Twitter or become a fan on Facebook.
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