BUYING SWISS: Mariella Burani Fashion Group has bought 100 percent of Swiss luxury retailer Bernie’s AG for 2.2 million euros, or $2.9 million at current exchange, in cash. Bernie’s has a network of 16 stores in shopping centers around Switzerland. The chain sells brands such as Giorgio Armani, Hugo Boss, Ralph Lauren, Etro and Dolce & Gabbana. Mariella Burani intends to add its own brands, which include Mariella Burani and Mila Schon, to Bernie’s retail mix. Current Bernie’s management, including chief executive officer and founder Bernie Lehrer, will stay in place.
UPPING THE STAKE: Tod’s chairman and chief executive officer Diego Della Valle has tightened his grip on Marcolin, the Italian company that just inked a licensing deal to produce Tom Ford eyewear. He and his brother, Andrea Della Valle, together now own more than 40 percent of Marcolin. Dolce & Gabbana, which recently switched its eyewear license to Luxottica, has sold its 5 percent Marcolin stake to the Della Valles. This week, Marcolin named Diego Della Valle as vice chairman of the company.
This story first appeared in the May 2, 2005 issue of WWD. Subscribe Today.