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By
Reuters
Published
Nov 14, 2008
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Mariella Q3 higher, confident about prospects

By
Reuters
Published
Nov 14, 2008

MILAN, Nov 14 (Reuters) - Mariella Burani Fashion Group expressed confidence in its near- and long-term prospects on Friday after its core profit rose 76 percent to 106.6 million euros in the first nine months.


Mariella Burani fall-winter 2008/2009

Mariella, behind such brands as Coccinelle of Antichi Pellettieri and Mandarina Duck, saw its revenue rise 7.9 percent to 562.2 million euros, helped by acquisitions.

"The accessible luxury goods market continues to offer numerous opportunities and the group is benefiting from its established position in this segment as well as its consolidated presence in emerging markets," it said in a statement.

It highlighted that the group's presence in the United States and Japan, considered higher risk markets in light of the global financial crisis, is limited to 5 percent of total revenue. (Reporting by Danilo Masoni; Editing by David Holmes)

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