The leading label of Italian fashion group Aeffe has signed a letter of intent with its Chinese partner, Scienward Fashion and Luxury, and will take direct control of its Chinese monobrand stores from June 2022.
The Italian fashion group's revenue as of September 30 was up by 21%, reaching €250 million, but remained 7% below the pre-Covid figure, while its net income soared, posting a 74% increase in two years.
Luxe eyewear giant Safilo saw its business in the US recovering in Q3 and Europe being on the road to recovery, both regions offsetting a weaker Asian market and the loss of some key licences (such as Dior and Fendi).
Aeffe, the listed Italian luxury company, said on Tuesday that it has reached an agreement with Sinv to take over the licence for the production and distribution of Love Moschino womenswear collections.
The pandemic is almost behind us, and designers are celebrating a return to normal life with light, joyous, sensual outfits, judging from the summer 2022 women’s collections shown in New York, London, Milan and Paris.
The Milan women’s fashion week starts on Tuesday with a schedule of 173 events, 65of them catwalk shows, featuring the return of Cavalli, Versace and Jil Sander, MM6’s first physicalshow and many interesting new names.