AEFFE reduces losses, leatherwear main growth factor

Italian luxury ready to wear and accessories group AEFFE, which owns Alberta Feretti, Moschino and Pollini reported a 17,4% increase in its turnover for the second quarter of 2011, reaching a level of 119,7 million euros, thus reducing losses to 5,1 million euro. The leatherwear and accessories division registered a 27,7% growth, the highest among all business units.