MILAN – Aeffe shares plunged 43.34 % to shut at 0.25 euros on the Italian Inventory Change on Friday.
This adopted Aeffe’s choice to proceed with submitting an utility for entry to the negotiated settlement of the group enterprise disaster (CNS), together with requesting the appointment of an unbiased skilled and the applying of protecting measures.
In a press release issued by Aeffe, the Italian group specified that “the applying is filed within the curiosity and its subsidiary Pollini,” and that the opposite manufacturers, Alberta Ferretti and Moschino, are excluded from the initiative.
The assertion underscored that the transfer has been “rigorously evaluated as essentially the most applicable resolution to make sure stability in the course of the interval essential to implement actions geared toward overcoming the monetary strains at present affecting the corporate and Pollini,” attributed to “the deep disaster impacting the complete luxurious vogue sector and the latest unfavourable improvement between late August and September 2025.”
Aeffe is aiming to “protect the integrity of the company belongings of Aeffe and Pollini, safeguard enterprise continuity and defend the pursuits of all stakeholders.”
KPMG Advisory SpA has been appointed as monetary adviser, and regulation agency Orsingher Ortu Avvocati Associati will assist Aeffe and Pollini on authorized issues.
As reported, equally, LuisaViaRoma in August resorted to this identical measure, referred to as “Composizione Negoziata della Crisi,” a voluntary, extrajudicial negotiated restructuring course of, and the e-tailer was assigned a commissioner tasked with conducting negotiations with collectors, in search of to keep away from a court-mediated “composition with collectors” measure.
Pollini is a storied footwear and purses model that marked its seventieth anniversary in 2023, when it re-edited its signature Cavaliere boot. The fashion’s visibility was boosted by Bernardo Bertolucci’s controversial 1972 movie “Final Tango in Paris” with Marlon Brando and Maria Schneider because the late actress wore the model’s boots all through the film. Pollini can be a producer of equipment for Aeffe, contributing to the success of Moschino’s biker bag and heart-shaped clutches, to call a number of.
A Pollini advert marketing campaign from 1987
Based by the Pollini household, the agency over time has produced for third events together with the likes of Fendi, Jil Sander and Dsquared2, amongst others. For the latter model, its artisans created the skeleton heel or the ankle boots with the ice skate heel years in the past.
Pollini now not produces beneath license for manufacturers outdoors the Aeffe Group, and over time it has ventured in several instructions, having been designed by the likes of Nicholas Kirkwood and Rifat Ozbek, and expanded with ready-to-wear collections of its personal. Largely distributed by wholesale, it’s understood that this channel’s ongoing challenges have weighed on the efficiency of the model.
Aeffe group revenues fell 27.8 % to 100 million euros within the six months ended June 30 and internet losses amounted to twenty-eight.5 million euros, in contrast with a internet lack of 20.4 million euros a yr earlier.
The group’s wholesale channel was down 29.7 % to 64.4 million euros, accounting for 64.4 % of gross sales.
As of June 30, debt stood at 95.7 million euros, internet of the IFRS 16 impact in contrast with 135.2 million euros on the finish of June final yr.
In August, Aeffe stated it was launching “a significant price rationalization undertaking that can take full impact in 2026, together with the discount of fastened prices, direct prices and labor prices,” because it anticipated an extra slowdown in gross sales.
Government chairman Massimo Ferretti stated on the time that former Ferragamo chief govt officer Marco Gobbetti was named to the board to assist develop progress methods and strengthen the group, “together with, the place alternatives come up, by strategic partnerships.” He additionally mapped out measures to chop prices and to enhance organizational effectivity “with a concentrate on the supply of providers,” starting within the first half and all through a 2026 to 2028 plan.
