RNS Number : 9109A
  Burani Designer Holding N.V.
  07 August 2008
   


    





    BURANI DESIGNER HOLDING'S LISTED LEATHER GOODS DIVISION ANTICHI PELLETTIERI RECEIVES APPROVAL FROM EUROPEAN ANTITRUST AUTHORITY FOR SALE
OF A 49% STAKE OF APBAGS

    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 listed leather goods division, Antichi Pellettieri, majority owned by BDH's subsidiary Mariella Burani Fashion Group
S.p.A (MBFG), in which BDH holds a 60.88% stake, made the following announcement yesterday after market close: 

    PRESS RELEASE
    ANTICHI PELLETTIERI
    Cavriago (RE) -7 August 2008 

    ANTICHI PELLETTIERI HAS RECEIVED APPROVAL FROM EUROPEAN ANTITRUST AUTHORITY FOR THE SALE OF A 49% STAKE OF APBags, THE HANDBAGS AND
ACCESSORIES DIVISION OF ANTICHI PELLETTIERI, TO 3I

    The sale of 49% of APB SpA ("Antichi Pellettieri Bags" or "APBags") to 3i closed today, subsequent to approval received from the
European Antitrust Authority. APBags is the newly formed sub-holding of ANTICHI PELLETTIERI S.p.A, (handbags & accessories), a leading
Leather Goods company controlled by Mariella Burani Fashion Group S.p.A. 
    Please note that today the Standing Auditor Fabrizio Fontanesi tendered his resignation due to other professional commitments and that
pursuant to Art. 2401 of the Italian Civil Code, Elvira Grazzini, currently serving as an Alternate Auditor, will be assuming the position
of Standing Auditor.

Contacts

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



    Antichi Pellettieri is a European leader in the accessible segment of the luxury goods market with a consolidated international
presence. The Group designs, produces, and distributes handbags and accessories, footwear, and leather apparel collections characterised by
top quality and innovative design. A flexible business model provides for control at all critical phases of the production and distribution
cycle including, product design and development, production planning, raw material procurement, quality control, marketing, public
relations, and distribution. Production and logistics functions are outsourced to an established and qualified base of third party
contractors, closely controlled by AP to guarantee quality and efficiency.  



    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 Marshak
 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
 
  END 
 
DISILFVETLIDIIT
Burani (LSE:BRDH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Burani Charts.
Burani (LSE:BRDH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Burani Charts.