Damac Group has reaffirmed its commitment to the Roberto Cavalli brand and its future plans. This statement follows recent media speculation regarding the brand’s future. A representative from Damac stated:
“Since acquiring the Roberto Cavalli brand in 2019, we have invested significantly to foster the brand’s growth and enhance its success on the global stage.”
The spokesperson further emphasized, “We would like to clarify that the Roberto Cavalli brand is not for sale; however, we remain open to strategic partnerships that could add value to our business.” Established in 1970, Roberto Cavalli is a prominent Italian brand known for its luxury fashion, accessories, and lifestyle products.