Aeffe's parent company reports a loss and decrease in revenues in the first nine months of the year due to changes in distribution. However, revenues in Asia have increased, particularly in mainland China.
Aeffe 's reorganization has impacted the performance of the group in the first nine months of the year. Before announcing on Friday afternoon the premature, the newly appointed creative director of Moschino, earlier in the day, its parent company reported a loss and a decrease in revenues in the period ended Sept. 30. This was mainly attributed to the changes in the distribution of The net loss amounted to 17.8 million euros, compared with a net profit of 4.
7 million euros in the same period last year. Sales dropped 8.8 percent to 252.8 million euros compared with 277.1 million euros in the first nine months last year. However, revenues in Asia, where the Moschino brand is now being directly distributed, have increased.'s distribution in mainland China, signaling the increasing relevance of that market for the label. This involved around 20 stores, which had been operated for the previous 10 years by Scienward Fashion and Luxury (Shanghai) Co. Lt
Aeffe Loss Decrease Revenues Distribution Asia Mainland China
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