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Cavalli to grow design unit with luxury project in Bahrain

1 year 11 months 19 hours ago Wednesday, November 28 2018 Nov 28, 2018 November 28, 2018 9:06 AM November 28, 2018 in News

MILAN (AP) - 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.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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