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English news

20-Jun-2019

Damac amongst bidders for Roberto Cavalli

Dubai developer Damac is one of the bidders to buy troubled Italian fashion group Roberto Cavalli. Two other binding offers for the whole group have been submitted by Italy’s Diesel-owner OTB and U.S. brand management company Bluestar Alliance. Cavalli held a board meeting on Wednesday to examine the bids, though the final decision rests with the bankruptcy court, which granted creditor protection to the brand in April. 

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