Home News Positive projections for Roberto Cavalli starting from 2019
12 October 2018

Positive projections for Roberto Cavalli starting from 2019

From the first market analysis, starting from 2019 the forecasts for Roberto Cavalli are positive. This was also stated by the managing director of the company Gian Giacomo Ferraris. "We are marching in a trajectory with what has been traced with our shareholders. I am confident that the company is making great strides and that in 2019 it will return to profit, "according to the A.D. within the meeting for the presentation of Hotel Aykon, a project of hôtellerie in which also participates Damac Properties, held recently.

Positive projections for Roberto Cavalli starting from 2019

The administrator of the Florentine brand, moreover, as reported by the newspaper Il Sole-24 Ore, states that the Roberto Cavalli Home collection, produced under license by various manufacturers, currently accounts for about 8% of the group's retail turnover, which in the previous financial year, or 2017, it stood at 152.4 million euro and with a gross operating margin of 7.1 million. Under the control of the Clessidra fund and in collaboration with Damac Properties, which holds 90%, the group will manage to build five hotels in ten years. These hotels will be made following the style of interior design typical of the house. The first hotel will have a total value of 500 million dollars and will rise in Dubai, opening the doors of its 220 rooms starting from 2023.

The collaboration between Cavalli and Damac Properties, in fact, began as early as 2017, when the two companies had signed an agreement concerning some villas, built in Dubai, with Just Cavalli design.

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