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DAMAC Properties Dubai Co. PJSC, which is building a Cavalli-branded hotel in Dubai, to pay about $180 million for fashion house
A Dubai-based property developer has won the contest to acquire luxury-fashion label Roberto Cavalli SpA in a deal worth around €160 million ($180 million), according to a person close to the deal.
DAMAC Properties Dubai Co. PJSC, which is building a Cavalli-branded hotel in Dubai, is discussing final details with the ailing Italian fashion house and a decision could be announced as soon as this week, according to the person.
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