Aeffe has received a communication from Oxy Capital confirming its binding offer, submitted also on behalf of other co-investors, as part of the ongoing restructuring and the negotiated settlement procedure for the business crisis, which is due to expire on October 4.
According to a statement, it is now envisaged that, rather than being acquired by a single company destined to be subsequently split into several entities, substantially all of the Aeffe and Pollini businesses will be purchased directly by three newly incorporated, operating and independent companies, indirectly controlled by Oxy. These companies will manage the business operations in Italy, including the Moschino and Alberta Ferretti brands and the production facilities located in San Giovanni in Marignano, as well as the Pollini business, to which employees from the Italian operations affected by the transaction will be transferred. Oxy has indicated that the total value of the transaction is approximately €115 million.
The investment will be made by a pool of industrial and financial co-investors. In addition to the involvement of the industrial investor listed in China, illimity and Banca Ifis are expected to provide the ‘plan financing’. The final agreements with the co-investors are expected to be formalised by the end of October. The timetable for the transaction envisages completion within the first weeks of 2027.
Talks are currently under way with representatives of the Ferretti family who, through the vehicles Colloportus and FQuattro, hold the majority of Aeffe’s share capital, regarding their possible participation in the transaction. The involvement of the Fondo Salvaguardia Imprese, managed by Invitalia, is envisaged solely in relation to the purchase of the business comprising the Pollini brand.
