Aeffe news and archive

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,...

People

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...

ManagementFeatured

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...

Report

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...

Report

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...

NewsFeatured

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...

People

Moschino to announce new creative director in near future

Moschino is set to name a new creative director in the upcoming weeks following recent management changes earlier this year. Jeremy Scott, who served as the creative director for the past decade, departed the company in March. Additionally, Stefano Secchi, the former general director, and Michelle Stein, the former president of the US division,...

ManagementFeatured

Aeffe dives deeper into red for first half of 2023

Aeffe Spa, the Italian parent company of Moschino and Alberta Ferretti, among others, is seeing its sales decline and plunge deeper into the red in the first half of FY23. The company has been writing red figures since the end of financial year 2022. Consolidated sales reached 162.9 million euros in the first half of 2023, equivalent to a 7.7...

ManagementFeatured

Aeffe swings to Q1 loss, sales decrease

In the first quarter of 2023, consolidated revenues at Aeffe amounted to 93,243 thousand, a 8.2 percent decrease at current exchange and 8.4 percent at constant exchange rates. The group posted a net loss of 330 thousand euros compared to a net profit of 8,943 thousand euros in the first quarter of 2022, recording a 9,273 thousand euros...

PeopleFeatured

Jeremy Scott to exit Moschino

Luxury Italian brand Moschino has announced that Jeremy Scott will be departing from his role as creative director. Scott initially joined the Aeffe-owned house in 2013, with his debut coinciding with the brand’s autumn/winter 2024 collection. Since then, the brand has become the centre of theatrics during fashion weeks, launching debates...

ManagementFeatured

Aeffe FY revenue up 8.4 percent, exceeding pre-Covid levels

Luxury fashion group Aeffe has reported revenue of 352 million euros in its preliminary 2022 results, surpassing pre-pandemic levels from 2019. Revenue for the group, whose portfolio includes brands Moschino, Alberta Ferretti, Philosophy di Lorenzo Serafini, and Pollini, increased 8.4 percent from a year earlier, or 7.7 percent at constant...

ManagementFeatured

Aeffe reports H1 revenue growth, but net profit narrows

Luxury fashion group Aeffe has reported a double-digit increase in revenue in the first half of the year. The group, whose portfolio includes brands Moschino, Alberta Ferretti, Philosophy di Lorenzo Serafini, and Pollini, posted revenue of 176.5 million euros, up 13.2 percent - or up 13.9 percent at constant exchange rates. Breaking it down by...