As reported by WWD, the Korean fund E-Land bought Mandarina Duck for about 25 million Euro, or $35 million.
In 2008, Mandarina Duck was incorporated under the Antichi Pellettieri umbrella, the leather goods unit that belonged to Mariella Burani Fashion Group. In 2008 Mariella Burani had paid 36.9 Million Euro for Mandarina Duck.
When Mariella Burani went bust, Mandarina Duck was one of the assets put on the block.