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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,...

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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...

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