Roberto Cavalli, an esteemed luxury fashion brand from Italy, has recently undergone a major change in ownership as it was acquired by Vision Investments, the investment firm of DAMAC Properties’ president, Hussain Sajwani. This acquisition signals a fresh beginning for Roberto Cavalli, as it now falls under the ownership of a prominent Dubai-based property group known for its focus on luxury.
This significant transaction involved Vision Investments purchasing all shares of Roberto Cavalli SpA, previously held mainly by the Clessidra investment fund. Hussain Sajwani, the driving force behind this acquisition, expressed his enthusiasm for leading the Roberto Cavalli brand into the future, noting that the brand’s essence aligns perfectly with his group’s luxury-oriented vision. With his extensive background in real estate development, Sajwani brings a unique perspective to the world of high-end fashion.
Vision Investments, a part of the DICO Group founded by Hussain Sajwani in 1992, is expanding its horizons by venturing into the fashion industry with the Roberto Cavalli acquisition. As a next step, DICO plans to invest substantial capital in key markets like Europe and the USA in the years ahead, demonstrating its commitment to growth and diversification. The decision to add Roberto Cavalli to their portfolio was a strategic move to strengthen DICO’s presence in the luxury sector and leverage the brand’s heritage and global appeal.
DICO’s successful bid for Roberto Cavalli came after facing tough competition from other well-known contenders such as Renzo Rosso’s OTB and US-based Bluestar Alliance. The decision to sell Roberto Cavalli by the Clessidra investment fund was driven by challenges in reinvigorating the brand and ensuring its sustainability. Despite recent financial setbacks, Roberto Cavalli’s current CEO, Gian Giacomo Ferraris, remains at the forefront of the brand’s revival efforts and transformation.
The Milan trade court has expressed confidence in Roberto Cavalli’s restructuring plan, with the full support of its new owner, Vision Investments. This plan aims to tackle the brand’s financial hurdles and pave the way for its future success. However, the potential impact on jobs at Roberto Cavalli’s Italian establishments remains an unresolved issue, underscoring the complexities involved in the brand’s rejuvenation process.
In conclusion, the acquisition of Roberto Cavalli by a Dubai property group heralds a notable shift in the luxury fashion landscape. As the brand embarks on a journey of reinvention and resurgence, it opens up new possibilities for growth and innovation under the guidance of Hussain Sajwani and the strategic vision of DICO. The stage is set for an exciting new chapter in Roberto Cavalli’s illustrious history in the fiercely competitive world of luxury fashion.
For more information on Roberto Cavalli, you can visit their official website here. Additionally, to learn more about Vision Investments and DAMAC Properties, you can explore their website here.
