We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 21, 202411:31pm

Cavalli wins court approval for sale to Damac’s owner

The court has approved the debt restructuring agreement needed to close the deal. The new owner of the Italian group will be Vision Investment Company, based in Dubai.

Oct 29, 2019 — 8:03pm

Cavalli wins court approval for sale to Damac’s owner



Roberto Cavalli will finally be Dubaiti. The court has approved the debt restructuring agreement, an essential step to close the sales agreement to Vision Investment Company. The Dubai-based company is controlled by the founder of Damac Properties Group.


The Italian private equity firm Clessidra took over 90% of the company from its founder in 2015, in a deal that valued the group at 390 million euros. The fund appointed a new chief executive officer and a new creative director but failed to turn the results around.


Last July, Vision Investment signed a binding agreement to acquire 100% of the company. Although the value of the deal was not disclosed, market sources indicated that the transaction was around 160 million euros.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment