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Mariella Burani Fashion Group faces special administration

Troubled Italian fashion house Mariella Burani Fashion Group is due to be placed under special administration at the request of a court-appointed commissioner.

Mariella Burani Fashion Group (MBFG), which produces and distributes luxury clothing, leather goods and accessories under brands including Mariella Burani and René Lezard and holds licences for Vivienne Westwood Anglomania, John Galliano jewellery and Aquascutum footwear. has been struggling for several months with a reported 500m (£433m) of debt following several acquisitions.

The special administration order will not apply to the Burani family’s leather goods company Antichi Pellettieri or to any other Mariella Burani subsidiaries, commissioner Francesco Ruscigno told Reuters.

Ruscigno recommended special administration to the Italian Industry Ministry and to a court in Reggio Emilia, where Mariella Burani is based.

The ministry will investigate and issue its own findings before the court makes a decision on whether to put MBFG into special administration.

MFBG was declared insolvent by Reggio Emilia court last month. MBFG shares have been suspended from trading since the end of August.

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