The revenue of the group’s ready-to-wear division was €58.3 million, down 14% at constant exchange rates compared to 2022, while revenue for the footwear and leather goods division was on par with last year, at €46.1 million.

Sales in Italy, which accounted for 45.9% of total revenue, were stable compared to 2022, at €42.7 million. The wholesale channel in Italy lost 4%, while retail sales were up 35%. Revenue in the rest of Europe, which accounted for 29.4% of the total, fell by 13.1%, to €27.4 million. Retail sales in the region were down 11%, chiefly due to the temporary closure of Moschino’s London store, for renovation work that ended in March 2023. Sales in the USA (5.9% of total revenue) slumped by 45.1%, while the result in Asia and the rest of the world was on par with 2022, with a revenue of €17.5 million (18.8% of the total).
 
Overall, revenue generated in the wholesale channel, which accounted for 71.8% of Aeffe’s total revenue and was worth €66.9 million, fell by 14.5%, while retail revenue (25.7% of the total) was up by 22.5% at €23.9 million. The best retail result was achieved in Asia, with a 91% increase, thanks to a change to the distribution model in China. Finally, royalty revenue was down 39.9% compared to the same period in 2022.