Baldinini's Controlling Shareholder Is Declared Insolvent

Mariella Burani Fashion Group (MBFG) was declared insolvent on March 17 by a Reggio Emilia court. The court also appointed Francesco Ruscigno as ?judicial administrator.? Ruscigno, a chartered accountant with managerial experience, was proposed by the Italian industry ministry and was granted full executive powers until the company is placed ...

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