BRDH Burani

RNS Number:2466K
Burani Designer Holding N.V.
19 December 2007

  BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP ANNOUNCES
  AGREEMENT TO ENTER INTO A JOINT VENTURE WITH THE GITANJALI GROUP, A LEADING
                  INDIAN JEWELLERY MANUFACTURER AND RETAILER.





GITANJALI WILL OPEN 32 MONO AND MULTI BRAND BOUTIQUES AND 132 SHOP-IN-SHOPS IN
THE NEXT THREE YEARS.



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
58.16% stake, has made the following announcement:



Mariella Burani Fashion Group (MBFG) and Gitanjali (Mumbai, India), have agreed
to enter into a joint venture for the distribution of MBFG apparel, leather
goods and jewellery collections in India.  Gitanjali is one of India's leading
fully integrated jewellery Groups listed both on the Mumbai Stock Exchange and
the National Exchange of India, with annual revenues of $850 million.



Mr. Mehul Choksi, Chairman of Gitanjali Group, is renowned internationally for
his experience and competence in the jewellery sector. The Gitanjali Group
controls an extensive distribution network of complementary local and
international jewellery brands including D'damas, Stefan Hafner and Morellato.
The Group is currently initiating an aggressive expansion programme into the
leather goods and apparel markets.



The expertise of both partners will be contributed to the joint venture with the
objective of developing MBFG in India, particularly the Mariella Burani,
Baldinini, Rosato, Calgaro and Facco collections, with a dedicated distribution
network that is expected to include 32 mono and multi brand boutiques and 132
shop-in-shops. Gitanjali will also provide production, marketing, logistics and
distribution expertise based on its extensive know-how of the Indian market and
its extensive retail network.



Mariella Burani Fashion Group will contribute with its brands its consolidated
experience in the design, development and international distribution of Italian
lifestyle worldwide.



Giovanni Burani, CEO of MBFG noted: "The joint venture is consistent with our
strategy to expand internationally with top quality partners and we are proud to
work together with the Gitanjali Group. We are convinced the venture will
represent an important growth driver in India and North America and generate
important visibility in emerging markets".









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
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