Cavalli to grow design unit with luxury project in Bahrain

FILE - This Saturday, May 25, 2013 file photo shows Italian fashion designer Roberto Cavalli, center, walking with a group of models on stage during the opening ceremony of the 21st Life Ball in front of city hall in Vienna, Austria. The Roberto Cavalli fashion house is looking for future growth in the home décor and furniture sector, with a new project furnishing a luxury residential building in Bahrain. (AP Photo/Hans Punz, File )
FILE - This Thursday, Feb. 26, 2015 file photo shows Italian designer Roberto Cavalli speaking to reporters, prior to the start of his Just Cavalli women's fall-winter 2015-16 collection, as part of the Milan Fashion Week, Milan, Italy. 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. (AP Photo/Luca Bruno, File)

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

Rugby couple put respect in front and center in Olympics

Aug 10, 2016

Isadora Cerullo has become a celebrity around Rio, more for what happened on the sidelines of the Olympic rugby stadium than for her performances on the pitch

IMF, Egypt agree on $12B loan to fix ailing economy

Aug 11, 2016

The International Monetary Fund says it will grant Egypt a $12 billion loan over three years to help the Arab world's most populous country mend its ailing economy following years of unrest

Ali tribute book to be released by Jeter imprint

Aug 11, 2016

A very great athlete will help pay tribute to "The Greatest": Derek Jeter's publishing imprint is set to release "Muhammad Ali Unfiltered." Publication is scheduled for October

Broaden