Aeffe’s investments in Moschino and in retail are paying off. Together with growth in the accessories category, and gains at Alberta Ferretti, they contributed to lifting the fashion group’s preliminary 2022 revenues by 8.4 percent to 352 million euros, compared with 324.6 million euros in 2021.
Aeffe’s executive chairman Massimo Ferretti expressed his satisfaction with the performance in the 12 months ended Dec. 31, “despite the uncertain macroeconomic environment.” Thanks to the contribution from all the group’s brands, sales exceeded pre-pandemic levels.
“The significant progression of retail, together with the strong development of accessories, testify to the effectiveness of the investments made to further enhance our strategic positioning,” Ferretti said. “Looking closely at the market evolution, we also aim to capitalize on the investment relating to the reorganization of the Moschino brand’s retail distribution in China, the only area that has marked a slowdown due to health restrictions.”