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By
Reuters
Published
Sep 18, 2009
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Italy's Aeffe gives mandate to sell shoe unit

By
Reuters
Published
Sep 18, 2009

MILAN, Sept 17 (Reuters) - Italian luxury group Aeffe (AEF.MI) has mandated Mediobanca (MDBI.MI) to sell its shoe unit Pollini, two sources close to the matter told Reuters.

Aeffe
Aeffe - Photo: www.aeffe.com

"Aeffe has put Pollini up for sale and has mandated Mediobanca for it," one of the sources said on condition of anonymity.

A spokeswoman for Aeffe said there was no mandate for the sale of Pollini.

"There is, however, a mandate to look into possible opportunities for production agreements using the Pollini platform," she said.

Aeffe, whose brands include Alberta Ferretti, Moschino and J.P. Gaultier, posted a net loss of 10 million euros in the first half the year, from a profit of 6 million euros a year earlier, weighed down by Pollini.

Aeffe's revenus were 297 million euros in 2008, of which 51 million euros were generated by Pollini.

(Reporting by Cristina Carlevaro)

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