• Diversification into Italian fine foods through new subsidiary BDH Food Design; majority stake acquired in Granulati Italia SpA and new joint venture established to develop a network of premium Italian ice cream boutiques in Italy and abroad under the Chocolat brand;
• Joint ventures agreed with Damas and Gitanjali Group to further develop MBFG's global presence, especially in the Middle East and India; and
• Inauguration of 48 boutiques in 2007; BDH's retail network at year end included 247 mono-brand boutiques worldwide (89 DOS & 158 franchisees).
Kevin Tempestini, Chief Executive Officer, commented:
“A solid platform has been laid down this year for the development of a diversified accessible luxury Group offering Italian lifestyle products and services to customers world-wide.
The financial accounts are encouraging, notwithstanding the fact that they incorporate one time costs related to the IPO, and only nine months of operating results of the newly acquired companies.
Annual results are indicative of the direction this Group will take and the dynamic pace at which our strategies will be implemented to create value for our shareholders. Current trading is buoyant and I am confident that 2008 will reflect double digit growth.”
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Burani Designer Holding N.V.
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