Roberto Cavalli Has a New Owner

Italian luxury label Roberto Cavalli has a new home. The company is now nestled under global brand management Marquee Brands' portfolio. On Wednesday, Marquee Brands entered a definitive agreement for a majority stake in Roberto Cavalli in partnership with Dubai-based luxury real estate developer DAMAC Group."Roberto Cavalli stands as one of luxury's defining Italian houses, with a bold creative identity and enduring brand ethos," Marquee Brands CEO Heath Golden said in a statement. "W