By  on September 18, 2009

MILAN — Italian luxury group Aeffe SpA on Wednesday confirmed it was looking at opportunities to strengthen its business, but denied it was seeking to off-load its underperforming subsidiary Pollini.

“It is true we are scouting for possible production agreements using the Pollini platform, but there is no mandate to sell the business,” a company spokeswoman said, countering a report by Reuters, which cited sources saying Aeffe had instructed Mediobanca to find a buyer.

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