After weeks of speculation, the name of the new owner of Roberto Cavalli S.p.A. 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% of the firm. Financial details and the amount of the debt were not disclosed, although sources peg the transaction at around 160 million euros.
Damac Properties was ranked number one on the Forbes 2017 Global 2000 list of the fastest growing global companies based on the compound annual growth rate of revenues from 2013 to 2016, according to Wikipedia. In the Forbes 2018 rankings, Sajwani was the world’s fourth richest Arab with a net worth of $4.1 billion.
Chanel has acquired a stake in Italian tannery Samanta, a specialist in printed leather, as it continues to secure its supply chain in the face of a growing shortage of high-quality leather.
L’Oréal is diving deeper into the designer perfume business, disclosing Tuesday that it’s in exclusive talks to acquire the Mugler fragrance and fashion businesses, and the Azzaro fragrance brand and accessories. It sets the stage for the world’s biggest beauty company to dabble in fashion once more, while Groupe Clarins will exit the perfume and ready-to-wear markets altogether to focus on skin care.
Francesca Bellettini succeeds Chanel’s Bruno Pavlovsky as president of the governing body of women’s fashion in France. Saint Laurent chief executive officer Francesca Bellettini has been elected president of the Chambre Syndicale de la Mode Féminine, the governing body of women’s fashion in France.
With the Givenchy collection she showed on Tuesday night, Clare Waight Keller indicated a shift from the more clearly clinical perspective from which she created her first three couture collections for Givenchy, creating some quite beautiful clothes along the way, to that of a storyteller who now also buys into the wonderment of couture. Backstage post-show, she didn’t lead with the importance of precision cuts or modernist restraint. Rather, she dubbed the collection Noblesse Radicale.
A giant Jack and the Beanstalk faux redwood in charcoal creeping up four floors up through the stairway, fabulous black and white paintings and a string quartet in white Grecian robes playing Vivaldi. Ironically, the show was staged just days before the house begins a massive reconstruction of its historic headquarters on Avenue Montaigne. 
Following its debut in pink, the Reebok Experiment 3 by Pyer Moss will be returning in a white colorway. Pyer Moss was founded in 2013 by Kerby Jean-Raymond. Jean-Raymond describes the brand as an “art project” or “a timely social experiment” at times. Pyer Moss aims to use its voice and platform to challenge social narratives and evoke dialogue.