Aeffe news and archive

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...

People

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...

People

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...

Business

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...

BusinessFeatured

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...

Business

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...

Business

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...

PeopleFeatured

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,...

BusinessFeatured

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...

BusinessFeatured

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...