BRDH Burani

 

TIDMBRDH 
 
RNS Number : 9893S 
Burani Designer Holding N.V. 
29 May 2009 
 

BURANI DESIGNER HOLDING N.V. ("BDH") 
 
BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP CLARIFIES 
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 BDH holds a 
75.9% stake through its 93% owned subsidiary Mariella Burani Family Holding, 
issued a press release on Thursday, May 28, 2009 to clarify press speculation 
regarding a meeting held yesterday at Mediobanca between MBFG, its advisors, and 
the Group's banks. 
 
 
MBFG confirms in the release that company management met at the offices of 
Mediobanca (its financial advisor in the debt restructuring program announced to 
the market on April 30, 2009), Studio Legance (its legal advisor in the 
program), and the Group's banks (together representing over 87% of the Group's 
outstanding debt) to propose a standstill agreement. The banks have agreed to 
evaluate the proposal and respond in the short term. This meeting was the first 
in what is expected to be a series of meetings to be held with the banks over 
the next few weeks to discuss the proposed debt restructuring programme. 
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 28, 2009 
 
 
At the request of Consob, the Italian authority, and in reference to the 
articles released today regarding the debt restructuring plan of Mariella Burani 
Fashion Group Spa and several of its subsidiaries, the company confirms 
yesterday's meeting at Mediobanca, Mariella Burani Fashion Group Spa 's 
financial advisor, in the presence of legal advisor Legance, with the lending 
banks, representing approximately the 87% of the bank debt to be restructured. 
At this meeting, a standstill agreement was proposed, the lending banks present 
reserved to evaluate it in short term. 
This meeting is the first of a series relative to the above mentioned ongoing 
restructuring plan. 
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 
 
 MSCPUURWAUPBGMR 
 

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