Damac chairman buys Italian firm Roberto Cavalli | ZAWYA MENA Edition:
Vision Investment Company (VIC), the private investment vehicle of Dubai-based billionaire Hussain Sajwani, chairman of Damac Properties, has acquired the Italian fashion house Roberto Cavalli.
VIC is part of Dico Group, which is a private investment vehicle of the Damac chairman.
"Vision Investment Company, part of the Dico Group, which is the private investment vehicle of Sajwani, has made the purchase. We will make further comments in due course," Niall McLoughlin, senior vice president of Damac Properties, confirmed to Khaleej Times on Wednesday.
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