Aeffe to Acquire Full Control of Moschino

Aeffe to Acquire Full Control of Moschino

The Italian fashion group founded by Alberta Ferretti will pay €67 million ($77 million) to acquire the 30 percent of Moschino it doesn’t already own.

Moschino’s sales having been resilient during the pandemic, with 2020 revenues of 215.4 million down slightly compared to a 5-year average revenue of 229 million, Aeffe said.

Aeffe is acquiring the shares from Sinv, a supplier specialised in producing diffusion lines for designer and luxury brands.

With M&A heating up in the Italian luxury space, the deal included an “anti-embarrassment” clause requiring Aeffe to compensate Sinv should it resell the shares at a higher value within the next 24 months.

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