Retail
Damac Properties chairman buys Italian fashion brand Roberto Cavalli
(Bloomberg) –Damac Properties PJSC’s chairman bought Italian fashion group Roberto Cavalli SpA through his private investment firm.
Hussain Sajwani’s Vision Investments completed the acquisition of the Florentine brand on Thursday, according to a statement. It didn’t provide a value for the deal.
Read more: Rihanna Could Teach Victoria’s Secret a Lesson
Roberto Cavalli was previously controlled by the Italian private equity company, Clessidra Sgr.
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