×
185
Fashion Jobs
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
Translated by
Nicola Mira
Published
Jul 1, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aeffe incorporates its lingerie producer Velmar

Translated by
Nicola Mira
Published
Jul 1, 2022

Aeffe continues to reorganise its business. The Italian fashion group, notably owner of Moschino, Alberta Ferretti, Philosophy by Lorenzo Serafini and footwear brand Pollini, has announced the merger by incorporation of Velmar into the group. For over 10 years, Aeffe has held a 100% stake in Velmar, which specialises in the production and distribution of lingerie and beachwear.


Velmar notably produces lingerie for Moschino - © PixelFormula


The incorporation is part of “the group’s rationalisation and reorganisation process, aimed at greater efficiency in the management and coordination of the group’s activities through a streamlining of the decision-making hierarchy, and leveraging the group's synergies, in order to reduce taxation, administrative and operational costs,” said Aeffe.

Velmar was founded in 1983 and is located in San Giovanni in Marignano, near Rimini, central Italy, where Aeffe is also based. It is active in apparel production and distribution, specialising in lingerie, beachwear and homewear, initially through its own labels, and later by gradually expanding its portfolio to other brands, whose underwear collections it manages under license.

Aeffe acquired a 75% stake in Velmar in 2001, and took full control of the company in 2010. Velmar currently focuses on managing Moschino’s beachwear and lingerie collections, as well as holding the license for Chiara Ferragni’s lingerie and swimwear lines.

Last year, as part of its reorganisation effort, Aeffe took complete control of Moschino, buying up the 30% stake still outstanding, for €66.6 million. It also took over the running of the Love Moschino line, until last year developed under licence by Sinv. In 2021, Aeffe returned to profitability, posting a net income of €12.1 million and a revenue of €324.6 million, up 20.8% over 2020.

 

Copyright © 2022 FashionNetwork.com All rights reserved.