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Burani Acquires Mandarina Duck

Thursday, May 08, 2008

By Andrew Roberts with contributions by Chiara Hughes

MILAN — What's up, Duck? Quite a lot.

Despite a denial last month, Italy's Mariella Burani Fashion Group SpA has added bag maker Mandarina Duck to its brand portfolio after all. The purchase price was 36.9 million euros, or $57.3 million at current exchange.

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