Brief: Aeffe Terminates Early Its New York Showroom Lease Agreement

Aeffe SpA

28/05/2025 06:13

May 28 (Reuters) - Aeffe SpA AEF.MI:

SAID ON TUESDAY IT HAD TERMINATED EARLY LEASE AGREEMENT OF NEW YORK PROPERTY USED AS SHOWROOM, OWNED BY FERRIM USA

TERMINATED LEASE AGREEMENT FOR ANNUAL RENT OF $0.9 MLN WAS DUE TO EXPIRE ON SEPT 2027

AEFFE TO RELOCATE SHOWROOM, OFFICES TO SMALLER SPACE

DECISION IS LINKED TO SHIFT OF SALES CAMPAIGNS TO MILAN, PARIS, REDUCTION IN NUMBER OF PERSONNEL EMPLOYED

 Further company coverage: AEF.MI

 (Gdansk Newsroom)

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