Damac Properties buys Roberto Cavalli

Damac Properties buys Roberto Cavalli

In March of this year, the Roberto Cavalli house experienced a financial deficit, as it declared bankruptcy, the closure of Italy and the United States, the closure of all its stores in the United States, and the resignation of creative director Paul Surridge.

According to WWD magazine, “Vision Investment Co.LCC Ltd., the investment company owned by the founder of DAMAC Properties, Hussain Sajwani, has signed a contract to acquire 100% of Roberto Cavalli SpA.