By  on May 13, 2014

MILAN — A revamped business strategy, a reorganization of its licenses and a new design direction at a number of its brands drove Aeffe SpA’s net profit up 60 percent in the first three months of the year. In the period ended March 31, the bottom line climbed to 3.2 million euros, or $4.4 million, compared with 2 million euros, or $2.6 million, in the first quarter last year.

Dented by the end of the Jean Paul Gaultier and Cacharel licenses, and a reorganization of its distribution in Japan, revenues dropped 7.4 percent to 67.6 million euros, or $92.6 million, compared with 73 million euros, or $96.3 million, in the same period last year. Net of these effects, sales would have grown 3.7 percent at constant exchange rate.

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