Cavalli to grow design unit with luxury project in Bahrain

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)
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 )

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.

People also read these

Tired of screen addicts, Vienna cafe says phone...

Feb 15, 2017

US-AUSTRIA-CAFE:Tired of screen addicts, Vienna cafe says phone juice costs extra

Austria to sue Airbus over suspected Eurofighter...

Feb 16, 2017

US-AUSTRIA-AIRBUS-GROUP:Austria to sue Airbus over suspected Eurofighter fraud: APA news agency

Biathlon: Dahlmeier wins fourth title with relay...

Feb 17, 2017

US-BIATHLON-WORLD:Biathlon: Dahlmeier wins fourth title with relay gold in Germany

Toro Rosso still open to re-branding of engine

Feb 27, 2017

US-MOTOR-F1-TOROROSSO-ENGINE:Toro Rosso still open to re-branding of engine

Weaker euro helps propel euro zone factory growth...

Mar 1, 2017

US-EUROZONE-ECONOMY-PMI:Weaker euro helps propel euro zone factory growth to six-year high

Sign up now!