Moschino’s parent company AEFFE reports negative financials for 2013
AEFFE Group, the owner of Moschino and Alberta Ferretti closed 2013 with revenues of 251.1 million euros , down 1,2% compared to 2012. Without taking into account the termination of the licensing agreements with Jean Paul Gaultier and Cacharel and the addition of the new license of Ungaro, the annual turnover of AEFFE increased by 3.9% in 2013, for the full year.
The group’s sales in Italy (40% of the total) increased by 5.2%, while the rest of Europe saw a decline of 7%. Other major markets registered sales declines in 2013: United States (-10.9%) , Japan (-9.4% ) and Russia (-8.4 %). By contrast, sales of the Aeffe Group in Greater China grew by 20%and in the Middle East by7 %.
The company’s CEO and Chairman Massimo Ferretti remains optimistic for 2014, based on the high expectations of Jeremy Scott taking over as Creative Director of Moschino, his debut collection being scheduled for 20 Feb. during Milan Fashion Week. Other important changes have been made at other brands owned by the Group: Alberta Ferretti , with the appointment of Nathalie Ratabesi for the Philosophy label, the development of Emanuel Ungaro under the creative direction of Fausto Puglisi.