Burani Brand on the Rocks
December 30th, 2009 by Brian
Just like most luxury brands in the market, Burani is experiencing some financial problems too. The Italian brand is in the middle of reorganizing although the owner, Walter Burani, claims that they are not filing for bankruptcy nor facing liquidation. Burani, who sells high-end women’s fashion, failed to reach an agreement with banks for nearly 500 million EUROS in debt earlier this month.
