Roberto Cavalli makes debut in hotel interior design

Posted: 09-Oct-18 10:23

Famed fashion house Roberto Cavalli recently signed a partnership agreement with Damac Properties to provide the interior design for at least five of the line's luxury hotels. The first of the properties will be built in Dubai by 2023.

Roberto Cavalli makes debut in hotel interior design

Italian fashion design house Roberto Cavalli has signed a partnership agreement with Damac Properties under which it will provide the interior design for at least five luxury hotels, starting with a first one to be built in Dubai by 2023.

The agreement follows a separate collaboration with Damac on Cavalli-branded villas. The agreement is part of the company’s bid to expand the luxury and fashion brand into lifestyle categories and find new sources of revenue for the Florentine label famous for its animal prints. Officials with Cavalli declined to give financial details of the deal.

Roberto Cavalli is on track to break even this year and return to a net profit in 2019, Chief Executive Gian Giacomo Ferraris said recently at an event to announce the collaboration. He declined to comment on market speculation that Italian private equity group Clessidra, which bought 90 percent of Roberto Cavalli in 2015, might be looking to sell, other than saying that management was focused on executing a strategy agreed with the shareholder.

Mr Ferraris explained that Clessidra was fully supporting the company’s growth, he said:

“The company is making big improvements, but to remain competitive, it needs to invest. The important thing is to ensure that the growth happens in an organic manner and quickly.”

Manuel Catalano, Managing Director for Clessidra, said earlier this month that the private equity group was working well with Ferraris, who is also the former head of fashion house Versace, and had no intention of leaving Roberto Cavalli in the near future.

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