Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mariella Burani Group to be liquidated

Troubled Italian fashion house Mariella Burani said that it will be “dissolved” and that its board has resigned.

Mariella Burani Fashion Group said in a note to the Italian stock exchange that it would cease trading after failing to restructure its debts, which are believed to total €600m (£395m).

Mariella Burani Fashion Group, which owns brands including Mariella Burani and Mandarina Duck and also European retail outlets including Revedi and Do Gil, announced earlier this month that it intended to file for bankruptcy protection.

In a statement today, the company said that it had suspended its “preliminary steps” to request protection from its creditors and that it would hold a shareholder meeting to appoint liquidators on March 29.

Mariella Burani Fashion Group employs about 2,200 staff in Italy.

The future of the group has been uncertain since September when it suspended its shares following falling sales.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.