Home / Knowledge / News / Fashion / Mariella Burani announces sale of its 50% equity interest in Rosato
Mariella Burani announces sale of its 50% equity interest in Rosato
23
May '09
Mariella Burani Fashion Group Spa announces the sale of its 50% equity interest in Rosato Srl, one of the four companies comprising the Group's Fashion Jewellery division. The sale is consistent with the Group's planned divestiture of the Fashion Jewellery Division, as announced on May 18, 2009, in conjunction with the release of MBFG's 2009 quarterly results.

MBFG sold its 50% equity share in Rosato Srl to Borghesi Srl, holding of the Rosato family who will own 100% of Rosato Srl, for an Enterprise Value of € 7.7 million. Rosato realized negative Ebitda of € 4.7 million during 2008.

MBFG's current strategy is to focus on its core Apparel and Leather Goods businesses, currently representing over 90% of Group revenues, while paying particular attention to increasing operating efficiencies and to continued rationalization within the Group; including the opportune divestment of other non-core, duplicate, and/or non profitable businesses.

MBFG expects to continue to generate value for its shareholders, both operationally and strategically, by investing in the quality and reach of its brands, strategically expanding its license business, further extending the retail network, and developing new partnerships in emerging markets.

Mariella Burani Fashion Group Spa


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search