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Business

Moschino parent Aeffe initiates crisis proceedings

Shares in the Italian luxury goods group Aeffe remain suspended from trading due to heavy share price losses. The company's board of directors decided on October 2 to initiate a negotiated crisis settlement procedure (Composizione Negoziata della Crisi d'Impresa, CNC). Aeffe is listed on the Euronext Star Milan segment of the Euronext Milan...

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Business

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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