Vision Investments buys Italian fashion brand

MILAN: Chairman of Dubai-based Damac Properties, Hussain Sajwani, through his private investment company, Vision Investments, has bought the Italian fashion group Roberto Cavalli SPA.

The acquisition of the Florentine brand was completed on November 28th

The Uae-based investment company emerged as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the Italian Private equity company, Clessidra.

The acquisition of Roberto Cavalli by Vision Investments, part of the DICO Group, is an evolution of a partnership that was signed in 2017 between the fashion house and the DICO Group. Under the partnership, Roberto Cavalli will develop the interiors for luxury hotels under the ‘AYKON Hotels with interior design by Roberto Cavalli’ brand.

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.

At DICO Investments, we aspire to own internationally recognized brands, and this acquisition marks a significant step in our strategy.” Established in 1992, the DICO Group is the multi-billion-dollar investment arm of Hussain Sajwani with diverse interests in markets around the world.