BRDH Burani

 

TIDMBRDH 
 
RNS Number : 7934S 
Burani Designer Holding N.V. 
26 May 2009 
 

BURANI DESIGNER HOLDING N.V (AIM: BRDH) 
 
 
DISPOSAL 
 
 
BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP ANNOUNCES THE 
SALE OF ITS 50% EQUITY INTEREST IN ROSATO SRL 
 
 
Burani Designer Holding N.V (AIM: BRDH), a company offering Italian lifestyle 
products and services to customers world-wide, notes that the company's 
subsidiary Mariella Burani Fashion Group S.p.A (MBFG), in which BDH holds a 
75.9% stake through its 93% owned subsidiary Mariella Burani Family Holding, 
announced on 22 May 2009 the sale of its 50% equity interest in Rosato SrL for 
an enterprise value of EUR7.7 million. The turnover and loss at the EBITDA level 
for Rosato SrL for the year ended 31 December 2008 amounted to EUR20.3 million and 
EUR4.7 million respectively and the book value was EUR7.7 million. 
 
 
Enquiries: 
 
Burani Designer Holding N.V. Tel:+39 02 7642 0111 
Carol Brumer, IR 
 
 
Shore Capital (NOMAD) Tel:+44 20 7408 4090 
Dru Danford 
Stephane Auton 
 
 
PRESS RELEASE 
MARIELLA BURANI FASHION GROUP 
Cavriago - May 22, 2009 
 
 
Mariella Burani Fashion Group announces the sale of its 50% equity interest in 
Rosato Srl 
 
 
Mariella Burani Fashion Group Spa announces the sale of its 50% equity interest 
in Rosato Srl, one of the four companies comprising the Group's Fashion 
Jewellery division. The sale is consistent with the Group's planned divestiture 
of the Fashion Jewellery Division, as announced on May 18, 2009, in conjunction 
with the release of MBFG's 2009 quarterly results. 
 
 
MBFG sold its 50% equity share in Rosato Srl to Borghesi Srl, holding of the 
Rosato family who will own 100% of Rosato Srl, for an Enterprise Value of EUR 7.7 
million. Rosato realised negative EBITDA of EUR 4.7 million during 2008. 
 
 
MBFG's current strategy is to focus on its core Apparel and Leather Goods 
businesses, currently representing over 90% of Group revenues, while paying 
particular attention to increasing operating efficiencies and to continued 
rationalisation within the Group; including the opportune divestment of other 
non-core, duplicate, and/or non profitable businesses. 
 
 
MBFG expects to continue to generate value for its shareholders, both 
operationally and strategically, by investing in the quality and reach of its 
brands, strategically expanding its  license business, further extending the 
retail network, and developing new partnerships in emerging markets. 
 
 
"The Financial Reporting Officer, Giuseppe Gullo, certifies - pursuant to art. 
154-bis, paragraph 2 of the Uniform Finance Act (Legislative Decree 58/1988) - 
that the information contained in this press release corresponds to the 
accounting documents, ledgers and entries". 
 
 
 
 
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: 
 
 
Investor Relations e Corporate Development: Carol Brumer, tel. (+39) 02 76420111 
e-mail: cbrumer@mariellaburani.com 
Corporate Communication: Daniela Zari, tel. (+39) 02 76015354 e-mail: 
dzari@mariellaburani.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISPUUQCAUPBURQ 
 

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