Aeffe postpones management report amid business review

Italian luxury giant Aeffe has postponed the publication of its interim management report, initially scheduled for November 14, as it continues to undergo an industrial recovery plan which has brought about implications for the document.

The company had first initiated a strategic review early this year, including a repositioning of Moschino, as financial pressure heightened on the back of wider industry challenges. In October, Aeffe’s shares were then suspended after its board initiated a crisis settlement procedure as part of Italian insolvency laws, providing temporary protection for the group.

The notification comes as Aeffe, the parent company of Moschino, Alberta Ferretti and Pollini, swung to an 11.9 million euro loss for consolidated EBITDA over the first nine months of 2025, down from 90.9 million euros in the year prior. Net debt also widened from 67.7 million euros at the end of 2024 to 114.9 million euros as of September 30, 2025.

According to the firm’s latest financial report, group consolidated revenue declined a significant 25.1 percent decline at constant exchange rates during the period, decreasing from 207.8 million euros in 2024 to 155 million euros. At current exchange rates, performance fell 25.4 percent.

In specific categories, the strongest decline was seen among the company’s ready-to-wear division, for which revenues amounted to 95.5 million euros, a decrease of 31.3 percent on the year prior. Revenues for the footwear and leather goods division fell 11.4 percent at constant exchange rates, coming to 76.8 million euros.

Geographically, Italy recorded the worst performance over the period, with turnover dropping 30.3 percent, largely driven by a 36 percent decline in wholesale channels across the region. European sales fell 17.1 percent, amounting to 52.8 million euros, while sales in the America were down 27 percent. Asia and the rest of the world sales decreased 25.6 percent.