Picture of Aeffe SpA logo

AEF — Aeffe SpA News Story

0.000.00%
it flag iconLast trade - 00:00
Consumer CyclicalsSpeculativeMicro CapValue Trap

Italy's Aeffe aims to select buyer by the end of May, ministry says

MILAN, March 2 (Reuters) - Aeffe AEF.MI, the ailing fashion group that owns the Alberta Ferretti, Moschino and Pollini brands, is looking to select a potential buyer by the end of May, Italy's industry ministry said on Monday.

* The ministry said the latest meeting on Aeffe's situation had taken place on Monday, after the company entered a negotiated crisis resolution procedure and launched a collective layoff process.

* Aeffe informed the meeting it had received a number of preliminary expressions of interest and more could be expected in the coming weeks.

* The non-binding proposals have come from qualified Italian and foreign parties with proven sector expertise, it said, adding it would prioritise offers that preserve the company's entire production site.

* The ministry reiterated that it stood ready to use all available tools to support the relaunch of the group, based in central Italy, with a view to protecting occupation.

* The next meeting is scheduled for April 28.

 (Reporting by Valentina Za, editing by Gianluca Semeraro)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

Recent news on Aeffe SpA

See all news