MILAN — Aeffe’s restructuring plans may affect staff across both its headquarters in Milan and San Giovanni in Marignano, the town in Italy’s Emilia-Romagna region where the group is based.
On Friday, the group confirmed that in October it initiated a process to discuss 221 layoffs. Trade unions expressed their concerns on local media, addressing how the deadline for the firing procedures coincides with the holiday season and confirmed talks have been held with the company, as well as Italy’s ministry of labor and ministry of enterprise and Made in Italy, to identify measures to mitigate the impact of the layoffs.
To this end, two meetings with representatives of the fashion group are reportedly scheduled to take place in Rome on Jan. 16 and 21.
The news follows 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 — later identified by the Chamber of Commerce as Riccardo Ranalli — and the application of protective measures.
The application was filed in the interest of Aeffe and its subsidiary Pollini. The group also controls the Alberta Ferretti and Moschino brands.
As reported in October, at the time Aeffe said in a statement 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 financial strains currently affecting the company and Pollini,” attributed to “the deep crisis impacting the entire luxury fashion sector and the recent negative development between late August and September 2025.”
Aeffe is aiming to “preserve the integrity of the corporate assets of Aeffe and Pollini, safeguard business continuity and protect the interests of all stakeholders.”
As result of the application, last month the company said it was postponing the approval and release of its nine-month trading update, initially scheduled for Nov. 14, to a date yet to be decided. The postponement was required also because the industrial plan to restructure the company was still being prepared, impacting the nine-month trading update.
As of Sept. 30, the group’s consolidated sales in the first nine months amounted to 155 million euros, a 25.4 percent decrease compared with 207.8 million euros in the same period last year.
In 2024, Aeffe’s consolidated revenues fell 21.3 percent to 251 million euros, compared with 319 million euros in 2023.
