In 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, posted a net loss of €21.4 million against a net profit of €11.7 million a year earlier due to the impact of the Covid-19 pandemic. The adjusted net loss, which excludes non-recurring costs of €5.1 million, was €16.3 million.

The company’s revenues stood at €269.1 million, down by 23.3 percent at constant exchange rates and by 23.4 percent at current exchange rates. Revenues of the footwear and leather goods division decreased by 16.2 percent to €107.4 million both at constant and current exchange rates.