Aeffe has started studying the future of its footwear unit Pollini, the high-end footwear company in which it has a 72 percent stake. The rest of the capital is in the hands of the Pollini family. The review is expected to be far-reaching and could even involve joint ventures with other companies or the sale of Aeffe’s stake in Pollini, which is losing money.
Aeffe confirmed that some groups have expressed interest in production agreements with Pollini and that these contacts are «normal scouting activity» to seek business opportunities considering Pollini’s interest in license agreements. Pollini has license agreements with Aeffe’s other brands Alberti Ferretti, Moschino, Philosophy, Dsquared, Jean Paul Gaultier and Love Moschino.
Aeffe denied that it had mandated a bank to find a buyer for Pollini. In 2008, Pollini had sales of €76.1 million but booked a net loss of €0.7 million. The group is also expected to close 2009 in the red. In spite of its financial problems, Aeffe has decided to set up a subsidiary in Tokyo to develop its business in Asia. The office will be managed by Mitsuyasu Matsumi, who has worked in the past for Valentino, Christian Dior and Fendi.