Aeffe sees sales jump 76% in Q2-2021

Italy
Published:  17 August, 2021
Credit: Moschino

The Italian luxury group, which owns fashion labels Moschino and Alberta Ferretti, has reported a sales increase of 76% in the second quarter of 2021 to €74.9 million.

Consolidated revenues for the first half of the 2021 fiscal year were €155 million, up from €118.9 million in the same period last year.

Revenues reported for the footwear and leather goods division saw an increase of 43% to €68.2 million for H1-2021, at constant exchange rates before interdivisional eliminations.

The company is enthusiastic for the rest of 2021 following these positive results, citing the acquisition of full control of Moschino as an important catalyst for the future development of the group as a whole.