RNS Number : 6178A
  Burani Designer Holding N.V.
  04 August 2008
   


    





    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 60.88% stake, has made the following
announcement: 

    PRESS RELEASE
    MARIELLA BURANI FASHION GROUP S.p.A.
    Cavriago (RE) - August 4th, 2008


    Precisions regarding Italian press speculation 

    With regard to the article published on Milano Finanza on August 2nd and following the press release circulated on July 1st, this is to
clarify - upon request by Consob and Borsa Italiana S.p.A. - that the controlling shareholder of Mariella Burani Fashion Group S.p.A.
("MBFG") is completing its valuation of the proposed tender offer on MBFG shares, taking into account that the decision making bodies of the
foreign and Italian strategic investors, who will support the controlling shareholder in the execution of the transaction, are finalising
their internal authorisation procedures for the purposes of taking a final decision in relation to their participation to the transaction. 

    The project provides for the launch of a partial tender offer for the purposes of acquiring a further stake in MBFG between 15% and 18%
of the share capital of the same, at a price still to be determined, but included between Euro 17 and Euro 18.

    In any event, the controlling shareholder will timely provide to the market any information regarding its decisions in compliance with
applicable law as soon as the competent decision making bodies have reached and formalised their decisions.



    
    Mariella Burani Fashion Group (MBFG) designs, produces and distributes world wide a diversified and complementary range of Luxury
apparel, footwear, leather accessory and jewellery collections under its own brands and under license for prestigious international
designers. MBFG founded in 1960 by Walter Burani, Chairman and CEO of the Group listed in the STAR segment of the Italian stock exchange
since July, 2000, is today an internationally recognised public company with an established position in the accessible luxury goods market.
The Group's dynamic revenue growth is attributable to internal development including product diversification, brand expansion, and new
geographic market penetration. The Group has also made strategic acquisitions to capitalise on the know-how and experience developed by
niche players in the Italian apparel, knitwear, textile and leather goods sectors.  
    MBFG manages to provide top quality luxury goods at accessible prices by capitalising on the strength and flexibility provided by
Italy's industrial districts, world renown for their excellence in the development of luxury products. The Group's aim is to become one of
the leading players in the accessible luxury market worldwide by further developing its product offering, its brand portfolio, and its
global distribution network.  


    Contacts
    
    Carol Brumer Investor Relations and Strategic Development:, cbrumer@mariellaburani.com, tel. (+39) 02 76420111 
    Daniela Zari Corporate Communication:, dzari@mariellaburani.com, tel. (+39) 02 76015354


    www.mariellaburani.com

 BDH 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
 Sally Marshakl
 Lindsay Noton

    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 food and beverages industry through its acquisition of a controlling interest in Granulati
Italia SpA via the Group's subsidiary company BDH Food Design. 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. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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