MBFG Press Speculation
November 29 2007 - 5:54AM
UK Regulatory
RNS Number:7648I
Burani Designer Holding N.V.
29 November 2007
BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP RESPONDS TO
PRESS SPECULATION
Burani Designer Holding N.V (AIM: BRDH), a company offering Italian lifestyle
products and services to customers world-wide, today notes that the company's
subsidiary Mariella Burani Fashion Group S.p.A (MBFG), in which it holds a 57.3%
stake, has made the following announcement:
"At the specific request of Consob, with reference to the article published
today in the Italian financial newspaper Il Sole 24 ORE, Mariella Burani Fashion
Group SpA confirms it has recently received expressions of interest from a
number of private equity firms aimed at creating value for (shareholders of) the
Company. No written binding proposal has been received."
Enquiries:
Burani Designer Holding N.V. Tel: +39 027 642 0111 / +39 348 256 1971
Carol Brumer (cbrumer@buranidh.com)
Citigate Dewe Rogerson Tel: +44 20 7638 9571
Kate Delahunty
Sarah Gestetner
www.buranidh.com
NOTES TO EDITORS
The BDH Group offers a complementary range of Italian lifestyle products and
services to an international customer base. BDH operates in the fashion
apparel, leather goods and fashion jewellery businesses through its majority
owned subsidiary, Mariella Burani Fashion Group S.p.A. (MBFG), and beachwear,
underwear and cosmetics through subsidiaries Arcte, Crisfer and Eurocosmesi. BDH
recently extended the group's reach into the internationally acclaimed Italian
fine foods business through its acquisition of a controlling interest in
Granulati Italia SpA. BDH's business model focuses on the acquisition and
integration of quality "Italian lifestyle" businesses to create operating
divisions able to benefit from scale and synergies between BDH Group companies.
BDH intends to extend this business model, successfully implemented by MBFG over
the past seven years, to a select range of distinct, yet complementary, segments
within the accessible luxury goods market.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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