Business | Italian Court Set To Approve Sale Of Roberto Cavalli To Damac: Sources

Milan, Italy, June 29, 2019 – A court is set to approve the sale of troubled Italian fashion group Roberto Cavalli to Dubai developer Damac, two sources closed to the matt told Reuters on Friday.

Earlier this month Cavalli’s board had indicated Damac as the favorite bidder.

The other binding offers for the whole group had been submitted by Italy’s Diesel-owner OTB and U.S. brand management company Bluestar Alliance, the sources said.

the sources added the deal still needed to be signed-off.

Damac is already a partner of Cavalli in a real estate project.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s