MILAN — Aeffe SpA on Tuesday denied speculation that it might change hands.
The denial followed a rise of about 50 percent in the value of Aeffe’s shares since April 22, driven by talk the fashion group might undergo a change in ownership, with Emerisque and Change Capital mentioned as two potential investors that have eyed the group. Aeffe’s statement Tuesday sent its shares down 9.46 percent to close at 1.17 euros, or $1.62 at current exchange.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)