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 equity firm Blue Skye Financial Partners, US brand management firm Bluestar Alliance, Renzo Rosso's OTB and Damac. The last three presented a binding offer on 14th June, of which the one by Vision Investment has now been accepted.