Moschino, Alberta Ferretti Parent Aeffe Q1 Profit Up 4.3%

MILAN — International expansion helped Aeffe SpA log another quarter of growth, boosted in particular by a 20.1 percent increase in mainland China. In the three months ended March 31, the Italian fashion group reported a 4.3 percent gain in net profit to 11.8 million euros, compared with 11.3 million euros in the same period last year. Massimo Ferretti, executive chairman of Aeffe, touted the group’s “good progression in revenues and profitability, both in prêt-à-porter and footwear and leather goods divisions, reflecting the effectiveness of the stylistic proposal and the strategies implemented.” This was achieved “despite signs of macroeconomic and geopolitical uncertainty,” as Aeffe “is reacting with determination to develop collections with strong distinctiveness to seize any opportunity arising in this challenging market environment,” concluded Ferretti. Aeffe, which is listed on Italy’s Star segment of the Italian Bourse, comprises the Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini brands and produces and distributes the Jeremy Scott and Cédric Charlier labels. On May 18, designer Alberta Ferretti, the sister of Massimo, will hold a show in Monaco to present her namesake 2020 resort collection as guest of honor of the Monte-Carlo Fashion Week, which runs from May 15 to 19. Moschino’s creative director Jeremy Scott, meanwhile, will showcase that

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