The Mariella Burani Fashion Group, based in Cavriago, was a clothing, jewelry and watches company. Founded in 1960 by Walter and Mariella Burani, it became a public company listed on the stock exchanges of Milan and London. In February 2010 the company declared bankruptcy.
History
Foundation
In 1960 Walter and his wife Mariella founded the company with the purpose of the production and distribution of children's clothing.
After the rise of prêt-à-porter for women in the 1970s, the company began to export abroad in the 1980s, and expanded into other lines of clothing, as well as by opening stores.
IPO and expansion of the Group
In July 2000,[2] it was announced that the company would be entering the Milan Stock Exchange. The shares were sold for 7 euro each on 13 and 14 July 2000. From 2000 to 2007 the group opened many new stores and made a number of acquisitions, including stakes in several companies in the leather industry, including