ITALY: Mariella Burani Q1 Turnover Up 49 Per Cent
Fashion group Mariella Burani on Friday said first quarter turnover rose 49 per cent to 77 million euros as it consolidated revenues from recent acquisitions.
Mariella Burani's own labels accounted for 82 per cent of turnover, up from 63 per cent in the previous year. This share is expected to rise to 85 per cent for the whole of 2002 the group said.
Earlier this year, Mariella Burani bought Revedi SpA and Revedi Sa in Italy and Switzerland, as well as Italian silk and jersey manufacturer ITM SpA.
The group said in a statement that sales abroad represented 50.6 per cent of total turnover, up from 49.9 per cent a year ago.
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