Vision Investment, the Dubai-based investment vehicle of DAMAC Properties completed the acquisition of Italian luxury fashion brand Roberto Cavalli from private equity firm Clessidra for $180m. "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," Hussain Sajwani, DAMAC Properties Founder and Chairman.