Mbfg Clears Recapitalization, But The Situation Remains Uncertain
Mariella Burani Fashion Group (MBFG), owner of the shoemaker Baldinini and other shoe and leathergoods firms, approved a recapitalization plan to cover €104.3 million in cumulated losses and reinforce its balance sheet. Nevertheless, the group’s future remains uncertain as its main shareholder has not yet come up with €50 million ...
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