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Oct 30, 2019 · The chairman of Dubai-based property developer Damac Properties has bought out Italian fashion group Roberto Cavalli. Hussain Sajwani completed the purchase following a court-sanctioned restructuring of the Milan-based company's debts.
Nov 28, 2019 · The chairman of Damac Properties has completed the buy-out of Italian fashion house Roberto Cavalli through his private investment vehicle. The purchase, done through Vision Investments, follows a court-sanctioned restructuring process after the company's previous owner, Italian private equity firm Clessidra, ran into problems.
Nov 28, 2019 · 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.
Oct 31, 2019 · Vision Investment Company (VIC), the private investment vehicle of Dubai-based billionaire Hussain Sajwani, chairman of DAMAC Group, has acquired the Italian fashion house Roberto Cavalli.
- Now That You’Ve Closed on The Site, What’s Next?
- Is There A Damac Project Out There You Can Compare This to?
- Are You Eyeing Other U.S. sites?
- Any Concerns About Timing, Given Rumblings of A Recession?
- What Is Your Investment Target For U.S. Projects Over The Next 10 years?
- Have You Spent Time in South Florida?
First of all, we really [want to offer] our deepest condolences for the victims of this building and what has happened. We will do anything we can to make their experience less harmful. On the business side, we are planning to put up the most luxurious, the highest standard of condominiums in North America and in the world on that [site]. It will t...
[Last year] we launched Cavalli tower in Dubai. We have done some interesting amenities in that building, including an artificial beach. Of course, here we don’t have to do an artificial beach – there’s one of the most beautiful beaches in the world there. Every Cavalli tower is going to have its own style and class. And of course, we have to do a ...
At the moment, we want to focus on Surfside and get it off the ground. Of course we are open to other cities. We think New York has potential, and Boston – those are two cities on the East Coast where we would love to do something in the future. We have a number of projects in Toronto.
Our analysis of a recession, if it comes to the States, is that it’s going to be mild and it’s not going to be very long. A project like that takes one year of planning and design, and then takes about two to three years of construction. So we are not concerned about the recession. From history, and I have seen it, [the] U.S. whenever it gets in a ...
We are already quite big investors in the U.S. through private equity and we have invested in about 30 funds in biotech and technology… funds like Starwood. The U.S. has been and is always going to be a target for overseas investment. It’s the largest world economy and it’s — I wouldn’t say it’s easy but it’s more clear to do business in the U.S. —...
I know Miami very well. I come quite often. This interview has been edited and condensed for clarity.
Jul 16, 2019 · Sajwani will pay about €160 million for full control of Cavalli, including a €65 million capital injection and the repayment of debt, according to a report in Women's Wear Daily. Roberto Cavalli must present its agreements with creditors to the Milan court by August 3rd for approval by the judge.
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In 2019, Sajwani's private investment firm completed the acquisition of Italian fashion group, Roberto Cavalli. [17] Sajwani invested £600 million in London, UK, through its Versace-branded DAMAC Tower London in Nine Elms. [18] [19] In June 2021, Sajwani resigned as the chairman of Damac Properties and offered to take the company private. [20]
