The German Handelsblatt reports here (in German), that Mariella Burani is facing insolvency. The Italian fashion house owns brands like Rene Lezard and Mandarina Duck.
The Italian luxury and fashion industry is facing tough times, among the troubled companies are Versace, IT Holding and Safilo Group.
Besides Rene Lezard and Mandarina Duck, Mariella Burani also owns Coccinelle and Baldinini. It also produces for brands like Vivienne Westwood, Bogner, Aigner and Missoni.