Italian leathergoods company Antichi Pellettieri—a subsidiary of the Mariella Burani Fashion Group (MBFG) —has reported a substantial increase in revenues for the first quarter, ended March 31.

Consolidated revenues increased 34.6% to €56.5 million on an organic basis (€77.4 million, +84.4% on a pro-forma basis) from the €41.9 million generated in Q1 2005, driven by the group’s principal leather goods handbag and accessory brands Braccialini and Francesco Biasia, and its luxury footwear brand, Baldinini.

Braccialini generated 27.8% of consolidated revenues during the period, reflecting 68.7% growth for the quarter. The growth was primarily driven by demand from foreign markets, particularly the Middle East, the Far East, and Russia.

Francesco Biasia generated 30.5% of consolidated revenues during the period, reflecting 37.1% growth for the quarter. Baldinini, generated 24.6% of consolidated revenues during the period, with 34.9 % growth during the quarter reflecting the brand’s continued momentum in Russia and Eastern Europe, also driven by new product introductions (casual footwear lines).

Revenues generated from handbag and footwear products accounted for 92.7% of total sales, and revenues generated from export markets increased by 43.4 %.