By  on March 8, 2010

Giambattista Valli has dealt the latest blow to embattled Italian manufacturer Mariella Burani Fashion Group.

The French designer said he has terminated his contract with MBFG and will bring production in-house. Valli presented his fall collection in Paris on Monday.

Last week, MBFG pledged 66.4 percent of the company to Italy’s Centrobanca. MBFG’s parent company Burani Designer Holding, which went bankrupt in February, is now being investigated for fraud.

Similar to another troubled Italian manufacturing group, IT Holding SpA, MBGF may also benefit from state-supported administration, which would have to be approved by the minister of economic development, Claudio Scajola. A meeting to consider this prospect is expected this month and a hearing is scheduled on March 16 at Reggio Emilia, near Cavriago, where the group’s offices are based.

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