MILAN — An acceleration in its fourth-quarter sales last year, a jump in revenues in Russia and a strong performance of its footwear and leather goods division contributed to a 3.3 percent gain in Aeffe SpA 2012 revenues.
Sales at the Italian fashion group, which controls the Alberta Ferretti and Moschino brands, grew to 254 million euros, or $325.1 million, compared with 246 million euros, or $342 million, in 2011.
Aeffe’s ready-to-wear division showed a 2.1 percent gain to 201.3 million euros, or $257.6 million, while the footwear and leather goods division gained 8.7 percent, amounting to 69.5 million euros, or $89 million.
Executive chairman Massimo Ferretti noted that the fourth quarter last year showed a “robust growth” of 14 percent compared with the same period the previous year, lifted by the group’s wholesale and retail channel, which grew 17 percent and 12 percent, respectively. “Also the year 2013 has started benefiting from the good data of the backlog for the spring/summer 2013 collections, and we are confident that these encouraging signs will be further confirmed in the coming months,” concluded Ferretti.
For the full year, sales in Italy decreased 3.4 percent to 99.3 million euros, or $127.1 million, accounting for 39.1 percent of total consolidated sales. In the last quarter of 2012, however, sales in Italy showed a recovery, climbing 8.9 percent compared with the fourth quarter of 2011.
In 2012, revenues in Europe, excluding Italy and Russia, gained 2.8 percent to 53.8 million euros, or $68.8 million. In the fourth quarter, sales grew 15.9 percent.
Russia showed a 21.4 percent increase and accounted for 8.3 percent of sales. In the last quarter, sales jumped 39.4 percent.
The U.S. posted a 6.1 percent increase and accounted for 7.5 percent of total sales.
Japan was up 7.8 percent, accounting for 9.5 percent of total revenues.
The Rest of the World area showed a 10.6 percent growth, amounting to 14.3 percent of total sales.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion