By  on July 16, 2019

MILAN — After weeks of speculation, the name of the new owner of Roberto Cavalli SpA has been revealed: It is Vision Investment Co. LLC, controlled by Hussain Sajwani, the founder and chairman of the Damac Properties Group.

Vision Investment has signed a binding contract with the Florence-based fashion company and its shareholder Varenne 3 to acquire 100 percent of the firm. This confirms a WWD report on June 28 that the judge expected to rule on the sale had approved the offer made by Damac.

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