Roberto Cavalli Has Found Its New Creative Director, Fausto Puglisi . Roberto Cavalli has zeroed in on its new creative director, according to sources here, who believe Sicilian designer Fausto Puglisi has been selected for the job.
This isn’t the first time Puglisi’s name is associated with the brand, as he was rumored to join the company back in 2017, but Paul Surridge ended up nabbing the role, succeeding Peter Dundas.
Surridge exited last year, and the collections have been designed by an in-house team since then. Things have changed this time around as Cavalli has a new owner, Hussain Sajwani, who is looking to relaunch the brand with the help of Puglisi, sources say. Continue reading
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.