MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday.

This followed Aeffe’s decision to proceed with filing an application for access to the negotiated settlement of the group business crisis (CNS), along with requesting the appointment of an independent expert and the application of protective measures.

In a statement issued by Aeffe, the Italian group specified that “the application is filed in the interest and its subsidiary Pollini,” and that the other brands, Alberta Ferretti and Moschino , are excluded from the initiative.

The statement underscored that the move has been “carefully evaluated as the most appropriate solution to ensure stability during the period necessary to implement actions aimed at overcoming the fina

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