BUSINESS | Italy’s Cavalli Rescued By Dubai’s Damac Chairman

Italy’s Cavalli Rescued By Dubai’s Damac Chairman MILAN | ITALY – Italian fashion house Roberto Cavalli was bought on Thursday by Hussain Sajwani, the chairman of Dubai’s Damac Properties, the companies said, ending a long sale process. The Florence-based group, founded by designer Robert Cavalli in the early 1970s and famed for its animal prints, … Continue reading BUSINESS | Italy’s Cavalli Rescued By Dubai’s Damac Chairman

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

Italy | Fashion: A Milan court has granted creditor protection to Roberto Cavalli giving the trouble Italian fashion house up to 120 days to present a turnaround plan, two sources told Reuters on Monday.

A Milan court has granted creditor protection to Roberto Cavalli giving the trouble Italian fashion house up to 120 days to present a turnaround plan, two sources told Reuters on Monday. Private equity firm Clessidra has been trying for months to sell its 90 percent stake in Cavalli which has posted a string of losses … Continue reading Italy | Fashion: A Milan court has granted creditor protection to Roberto Cavalli giving the trouble Italian fashion house up to 120 days to present a turnaround plan, two sources told Reuters on Monday.