Italian fashion house Roberto Cavalli was sold to Damac Properties chairman Hussain Sajwani’s private investment company Vision Investments, part of the DICO Group, on Thursday, November 28th, 2019. The Florence-based fashion house, best known for it’s animal prints, was founded by designer Roberto Cavalli in the early 1970’s. DICO Group didn’t state how much Vision Investment paid for Roberto Cavalli.
“We are excited about carrying forward the incredible legacy of the Roberto Cavalli brand… I am happy to announce that the transaction was executed swiftly and that we will ensure stability. At Dico Investments, we aspire to own internationally recognized brands, and this acquisition marks a significant step in our strategy.” – Sajwani