L Capital acquires stake in Mariella Burani

L Capital, a division of luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton, has aquired a 6 percent stake in the Mariella Burani Fashion Group, according to reports by just-style.com. The acquisition is said to worth €22 million (£15.2 million). In return, L Capital will part with its 20 percent stake in Mariella Burani's leather goods divisions, Antichi Pelletieri. L Capital will be allocated 1.9 million new shares in Mariella Burani, making it the label's second largest shareholder.