MILAN — Two years into the Mariella Burani Fashion Group’s fraudulent bankruptcy trial, prosecutor Luigi Orsi has asked a Milan court to sentence founder Walter Burani and his son Giovanni, former chief executive officer, to nine years in jail.
A legal source said Orsi described the Burani management as “a systematic fraud marked by a very significant criminal attitude.” It is widely believed Giovanni Burani masterminded the expansion of the firm into an apparel and accessories conglomerate in the early years of the Naughts, piling up debt and dabbling too freely and creatively with finances, according to sources.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)