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.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)