Leather goods and footwear strong for Aeffe

Italy
Published:  01 August, 2022

The Aeffe Group has achieved €176.5 million revenue in the first half of 2022, compared with €155 million in 2021 (13.9% at current exchange rates). Revenue grew in all geographical areas with the exception of the Far East and in particular in the retail channel, the group recorded a strong acceleration in particular in the U.S..

In the first half of 2022, revenue of the footwear and leather goods division amounted to €80.2 million, with an increase by 17.6%, both at constant and current exchange rates the company said.

In the first half of 2022, the group recorded a strong growth, particularly in the retail channel, reporting 41.3% compared with the same period last year. The wholesale channel showed sustained growth at 7.1% despite a fall in revenues in China in the second quarter of the year due to the reorganisation of local distribution. 

Having overcome the crisis caused by the Covid-19 and the complex situation caused by the conflict in Ukraine, for the first quarter of 2022, the group recorded double-digit growth in all the markets in which it operates with the exception of the Far East, with very strong increases in Europe, and North America.

“First half results reflect the effective business model of the Aeffe Group and the appreciation for our collections, with a significant growth in sales of all our brands in the different sales channels, with a strong progression especially in retail. We are therefore satisfied with the group's performance, as well as for the evolution of the new strategic direction of Moschino and the completion of the project related to the direct management of the distribution in the Chinese market, with the related benefits expected already in the coming months. We continue to carefully monitor the challenging market context, focusing our efforts on a path of constant and sustainable growth, both in the ready-to-wear and accessories segments, together with an expansion of our geographical presence in high-potential markets, including Greater China and United States,” Massimo Ferretti, Executive Chairman of Aeffe Spa, said.

Aeffe Group includes brands such as Moschino, Alberta Ferretti, Velmar, Pollini, Blugirl, Cacharel and Jean Paul Gaultier among others.