Aeffe news and archive

Aeffe Group: 2024 Earnings positive at 84.7 million euros despite decrease in revenue

Consolidated revenue totaled €251 million, compared to €319 million in 2023, representing a decrease of 21.2% at constant exchange rates (-21.3% at current exchange rates) for Aeffe S.p.A. in 2024. Last Friday, the board of directors of the company, listed on the Euronext Star Milan segment of the Euronext Milan market of Borsa Italiana, which...

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Aeffe, the parent company of Moschino, reports a 21% drop in annual revenue

Italian fashion group Aeffe SpA felt the impact of adverse market conditions in fiscal year 2024. On Thursday, the parent company of brands such as Moschino, Alberta Ferretti, and Pollini, announced significant revenue losses. The company also announced the departure of Moschino CEO Goffredo Palmerini. Preliminary figures show Aeffe's group...

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Aeffe announces strategic review for Moschino after sales loss

Aeffe Spa, the Italian parent company of brands including Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini, has announced preliminary sales figures for the 2024 financial year. The fashion group reported a 21.3 percent decline in consolidated sales, totaling 251 million euros compared to 319 million euros in 2023. In Italy,...

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Aeffe returns to net profit of 35.2 million euros in nine months

The Aeffe Group achieved positive EBITDA for the nine month period at 90.9 million euros with a margin of 43.8 percent on turnover, EBIT was positive for 66.6 million euros with an increase of 78.3 million and net profit amounted to 35.2 million euros compared to a net loss of 17.8 million in 2023. However, revenues of 207.8 million euros were...

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Alberta Ferretti names first general manager

Aeffe Group-owned Alberta Ferretti has appointed Alexandra Lamprecht as its first general manager, a new role through which the brand hopes to drive growth and expand in international markets. Lamprecht will report to Aeffe Group president, Massimo Ferretti, who confirmed the appointment to WWD, to which he said “that her professional skills...

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Lorenzo Serafini takes over as creative director of Alberta Ferretti brand

Aeffe has appointed Lorenzo Serafini as creative director of the Alberta Ferretti brand. Serafini, who joined the Aeffe Group in 2014 as creative director of the Philosophy di Lorenzo Serafini brand, succeeds the fashion house's founder, Alberta Ferretti, who announced her retirement from the runway in September this year. "With the fashion...

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Aeffe sells Moschino cosmetics brand to Euroitalia for 98 million euros

Luxury group Aeffe Spa has announced the sale of part of the Moschino brand to Euroitalia for 98 million euros, expanding on an already long-running collaboration between the two conglomerates. The sale is specifically in relation to all products under the product class 3 of the Nice Classification, which includes mainly cosmetics, perfumes,...

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Alberta Ferretti steps down as creative director of her brand

Alberta Ferretti will be stepping down as creative director of her eponymous label, the parent company Aeffe Spa announced on Tuesday. Ferretti and her brother Massimo Ferretti founded the Italian group in 1980, which today also includes Moschino and Philosophy, before she debuted her own brand, Alberta Ferretti, a year later. "43 years have...

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Aeffe's H1 loss widens, revenues decline by 14.6 percent

Aeffe, with a portfolio of brands including Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini, reported revenues of 138.6 million euros, down 14.6 percent at constant exchange and 14.9 percent at current exchange in the first six month period. EBITDA for the period declined to 0.4 million euros and group net loss widened to...

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Aeffe's 2023 loss widens to 32.1 million euros

Aeffe revenues in 2023 equaled 319 million euro, a decrease of 9 percent at constant exchange and 9.5 percent at current exchange rates. The company adjusted EBITDA declined to 12.4 million euros and adjusted EBIT was negative 20.5 million euros. Net loss widened to 32.1 million euros compared with 9 million in 2022. Commenting on the trading...

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Aeffe turnover decreases by 9 percent in 2023

In the year 2023, Aeffe Group achieved revenues of 319 million euros, down 9 percent at constant exchange rates and 9.5 percent at current exchange rates. Revenues of the prêt-à-porter division amounted to 212.4 million euros, recording a decrease of 7.6 percent at constant exchange and 8.4 percent at current exchange rates. Revenues of the...

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Davide Renne: the career trajectory of Moschino's new creative director

Moschino has appointed fashion designer Davide Renne, from Tuscany, as its new creative director. This article provides an overview of Renne's career trajectory, from his studies in fashion design in Florence to his most recent role at Gucci. Renne’s fashion trajectory began at the Università degli Studi di Firenze where he studied fashion and...