MILAN — Italy’s ministry of economic development has granted state-supported administration to Mariella Burani Fashion Group. Minister Claudio Scajola has appointed three administrators to manage the group, which produces and distributes collections for La Perla and Vivienne Westwood, among others.Earlier this month, Giambattista Valli terminated his contract with MBFG, deciding to take production in-house.
Last month, the group, which has debts of more than $600 million, said it was going to be liquidated and its entire board resigned, following the bankruptcy of MBFG’s parent company, Burani Designer Holding, that same month. BDH is also under investigation for fiscal fraud, and in January, MBFG’s founder, Walter Burani, resigned from his post as chairman.
MBFG follows IT Holding SpA in its government-backed bankruptcy protection. Similarly, in February 2009, the state appointed three administrators at IT Holding, which controls the Gianfranco Ferré and Malo brands and manufacturing arm Ittierre SpA.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
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