
The Aeffe Group has appointed Salvo Nicosia to be its new director of communications for Alberta Ferretti and Pollini, in a significant promotion within the Italian fashion consortium.
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The Aeffe Group has appointed Salvo Nicosia to be its new director of communications for Alberta Ferretti and Pollini, in a significant promotion within the Italian fashion consortium.
Italian luxury group Aeffe said on Wednesday it had signed a multi-year licensing agreement with influencer Chiara Ferragni.
An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
The Italian fashion group, owner of Moschino and Philosophy, recorded a downturn in net income for the first nine months of the year. Its sales dropped by 23% to €206.7 million, despite showing signs of rallying in Q3.
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.
In Q1 2020, the Italian fashion group posted a revenue of €76.2 million, with net income virtually wiped out and ready-to-wear the hardest hit.
The contract between Cédric Charlier and the Italian fashion group for the production and distribution of the Belgian designer’s ready-to-wear line has reached its term and hasn’t been renewed.
Italy’s Aeffe Spa, owner of the Alberta Ferretti and Moschino fashion houses, expects its first-quarter results to be hit by the coronavirus outbreak in China, a top executive told Reuters on Wednesday.
Moschino owner Aeffe has ended 2019 with 351.4 million euros in revenue, a 1.4% increase compared to last year, thanks to strong sales in Asia and Europe (excluding Italy).