
The Italian fashion group, owner among others of Moschino and Philosophy, almost tripled its net income in Q1, with sales up by 27% to €101.6 million, driven by the USA and Europe.
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The Italian fashion group, owner among others of Moschino and Philosophy, almost tripled its net income in Q1, with sales up by 27% to €101.6 million, driven by the USA and Europe.
In 2021, the Italian fashion group, owner among others of Moschino, generated a net income of €12 million, while its sales grew by 20.8%, without however reaching their pre-pandemic levels.
The Italian fashion group reached €324.6 million in 2021 with double-digit growth in all geographical regions and points of sale, but still records a 7% decline over 2019.
After nearly 20 years with the Italian fashion group that owns among others Moschino, Tassinari is stepping down, to be replaced ad interim by CEO Simone Badioli. Aeffe will also set up a steering committee.
The leading label of Italian fashion group Aeffe has signed a letter of intent with its Chinese partner, Scienward Fashion and Luxury, and will take direct control of its Chinese monobrand stores from June 2022.
Aeffe, the listed Italian luxury company, said on Tuesday that it has reached an agreement with Sinv to take over the licence for the production and distribution of Love Moschino womenswear collections.
The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros.
The Italian fashion group has revealed that its consolidated revenues for the first quarter ended March 31, 2021 totalled 80.1 million euros, up 5.1% from 76.2 million euros in the prior-year period.
Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.
Carlo Capasa has been confirmed for the fourth consecutive term as the president of the Italian Fashion Chamber (CNMI), as Serge Brunschwig, Alfonso Dolce and Jacopo Venturini joined the new executive committee.