Damac news and archive

Marquee Brands signs agreement with Damac Group to acquire majority stake in Roberto Cavalli

Marquee Brands has announced a definitive agreement to acquire a majority stake in Roberto Cavalli, through a strategic partnership with the Dubai-based Damac Group. Closing of the transaction is expected in the second quarter of 2026 The transaction is expected to close in the second quarter of 2026, after which Damac Group will “remain a...

Member

Business

Roberto Cavalli’s parent company confirms brand is not for sale

DAMAC Group, the parent company of Italy’s Roberto Cavalli, has confirmed the brand is not up for sale. Its comment comes in response to media speculation that suggested the company was exploring strategic options for the brand. In a statement shared with FashionUnited on July 31, a spokesperson for the DAMAC Group said: “Since acquiring the...

FeaturedMember

Business

Roberto Cavalli acquired by Vision Investment

Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion designer Philipp Plein together with private...

Member

Business

Cavalli deal practically finished

WWD has reported that a judge is expected to rule on the deal to approve the sale of Roberto Cavalli to Damac. After the deal is approved a share purchase agreement would have to be signed. An announcement regarding the deal is expected in the coming days. Damac is a Dubai-based property developer. Damac and Cavalli CEO Gian Giacomo have a close...