DASTDOOZNEWS-Following months of speculation, Damac Properties, a Dubai-based property developer, has come out as the new owner of Italian fashion house Roberto Cavalli. According to reports, Vision Investment, the investment company controlled by the founder of Damac Properties Group, Hussain Sajwani, has signed a binding agreement to obtain 100% of Roberto Cavalli for an undisclosed fee

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TEHRAN_DASTDOOZNEWS - There are challenging times on the horizon for the Hong Kong luxury goods market, analysts have warned. In a research note, Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, say, due to the lingering effects of the trade war reducing high-quality tourism traffic into the territory, the rebalancing of prices after mainland China’s VAT cut, ongoing Hong Kong protests and closer monitoring of the daigou by the central government that sentiment within Hong Kong has almost unanimously worsened since March.