AEFFE Group (Moschino, Alberta Ferretti, Pollini) reduces losses yet still in red

AEFFE Group, owners of Alberta Ferretti, Moschino, Pollini and licensee of Jean Paul Gaultier, Cacharel and Velmar, reported a 12,5 million euro loss for 2010, an improvement from the 20,1 million euro losses of 2009. Revenues in 2010 increased by 1% to a value of 219 million euros.