Vision Investments, a private investment company owned by Hussain Sajwani, Chairman, DAMAC Properties, Dubai, acquires the Italian fashion group Roberto Cavalli SpA. This acquisition by Vision Investments which is a part of the DICO Group, is an evolution of a partnership that was signed in 2017 between the fashion house and the DICO Group. Under the partnership, Roberto Cavalli will develop the interiors for luxury hotels under the 'AYKON Hotels with interior design by Roberto Cavalli' brand.

The UAE-based investment company emerged as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the Italian private equity company, Clessidra.

Commenting on the acquisition, Hussain Sajwani, says,

We are excited about carrying forward the incredible legacy of the Roberto Cavalli brand

“We are excited about carrying forward the incredible legacy of the Roberto Cavalli brand. DICO has a long and fruitful association with Roberto Cavalli, and I believe that the brand resonates with our idea of luxury. I am happy to announce that the transaction was executed swiftly and that we will ensure stability in management.” He adjoins, “At DICO Investments, we aspire to own internationally recognized brands, and this acquisition marks a significant step in our strategy.”

Established in 1992, the DICO Group is the multi-billion-dollar investment arm of Hussain Sajwani with diverse interests in markets around the world. The company's investments are divided into five core areas; namely, Capital markets, Real Estate, Hotels & Resorts, Manufacturing and Catering and now luxury fashion. The investment company plans to deploy approximately $3 billion over the next few years in key markets across Western Europe and the US. With its vision firmly set on growth and expansion, the DICO Group continues in its quest for diversification and business excellence.