MILAN — Trading in the shares of Mariella Burani Fashion Group SpA on the Milan Stock Exchange was suspended Monday for “an undetermined period.”
A MBFG spokeswoman said the halt was in compliance with Italian law, as the company requested a capital increase on Aug. 8, seeking to raise up to 100 million euros, or $133 million, as part of a debt restructuring program. The group asked creditor banks for a standstill agreement on its debt, which stood at 478.4 million euros, or $636.2 million, at the end of June.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"