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Damac chairman's investment firm acquires Italy's Roberto Cavalli

Vision Investments bought the Italian fashion group, with acquisition having completed on 28 November 2019

Hussain Sajwani, chairman of Damac Properties
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Hussain Sajwani, chairman of Damac Properties

Vision Investments, the private investment firm owned by the chairman of Dubai Financial Market-listed Damac Properties, Hussain Sajwani has completed the acquisition of Italian fashion group Roberto Cavalli.

The company was the top bidder for the acquisition deal of the Italian brand, previously controlled by Italy’s private equity firm, Clessidra.

According to a company statement, Vision Investments is a part of the DICO Group, the multi-billion-dollar investment arm of Hussain Sajwani.

Speaking about the acquisition, Hussain Sajwani said: “We are excited about carrying forward the incredible legacy of the Roberto Cavalli brand. 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.”

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