Cavalli to grow design unit with luxury project in Bahrain

MILAN — The Roberto Cavalli fashion house is looking for future growth in the home decor and furniture sector, with a new project furnishing a luxury residential building in Bahrain.

CEO Gian Giacomo Ferraris said Wednesday that revenues from home furnishings sales have increased to 8 percent from 6 percent in 2016, when the Clessidra private equity fund bought a 89.6-percent stake from founder Roberto Cavalli, who retains the rest. Cavalli's 2017 revenues were 152 million euros.

Fashion houses like Cavalli, Armani, Fendi and Versace are leaders in home décor, with residential projects in luxury locations around the world.

Cavalli will completely furnish 247 apartments in the Waterbay luxury high-rise by the Bin Faqeeh Real Estate Investment Company. The waterfront units go on sale in January, ranging up to 2.2 million euros.

Similar News

Film academy announces annual Governors Awards recipients

Sep 1, 2016

Actor Jackie Chan, film editor Anne V. Coates, casting director Lynn Stalmaster and documentarian Frederick Wiseman are getting honorary Academy Awards

'Birth of a Nation' star, rape survivor faces complex issues

Sep 2, 2016

Gabrielle Union says she cannot take lightly rape allegations against Nate Parker, who directed her in "The Birth of a Nation" and stars alongside her in the film in which she plays a rape victim

'The Assassin' star Shu Qi marries HK actor-director Fung

Sep 3, 2016

"The Assassin" star Shu Qi surprised fans and the public by announcing Saturday that she has married Hong Kong actor-director Stephen Fung

Search
Broaden

Asean Scoop delights in the creative world of the Entertainment industry providing an inside look on various aspects.

Contact us: sales@aseanscoop.com