Italy's Aeffe announces Altana's incremental purchase in Moschino Kids

27 Mar '24

1 min read

Pic: Moschino

Insights

The Board of Directors of Aeffe Spa has announced that Altana Società Benefit S.r.l. has exercised an option to acquire an additional 15 per cent stake in Moschino Kids S.r.l.
Moschino Kids is now owned 55 per cent by Moschino and 45 per cent by Altana.
This option was part of the original agreement when Moschino Kids was established in September 2022.

The Board of Directors of Aeffe Spa, a company listed on the Euronext STAR Milan segment of Borsa Italiana, operates in the luxury sector, with a presence in the prêt-àporter, footwear and leather goods division under renowned brand names such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino, Pollini communicates that Altana Società Benefit S.r.l. (Altana) - a leading company active in the sector of stylistic design, production and marketing of clothing and related accessories for children and young people on its own and/or on behalf of third parties, has exercised the "incremental" purchase option provided in its favour for the purchase of a further 15% of the capital of the Moschino Kids company and has consequently purchased the relevant shares today, at a price equal to the nominal value of Euro 1,500 (~$1,624.87).

The company Moschino Kids S.r.l. (Moschino Kids), is therefore, at today, owned by Moschino and Altana, with a share of 55% and 45% respectively.

The option in favor of Altana was envisaged in the company's founding agreement signed in September 2022, as disclosed in the press release of 15 September 2022.