Aeffe Group, the Italian fashion conglomerate that controls Moschino, Alberta Ferretti, and Philosophy di Lorenzo Serafini, has received a non-binding offer from an Asian buyer as part of its ongoing restructuring. The bid arrives alongside a plan from Milan-based investment firm Oxy Capital.
The group has been navigating financial headwinds since late 2024, when a combination of declining wholesale revenue and the costly exit of Moschino’s creative leadership compressed margins. Aeffe reported a net loss for the first half of 2025 and has been reviewing strategic options, including a potential sale of minority stakes or individual brand divestitures.
The Asian bidder — whose identity has not been disclosed — is believed to be a privately held conglomerate with existing interests in luxury retail across South Korea and Southeast Asia. The offer is understood to cover either a controlling stake in the group or exclusive rights to Moschino’s distribution in the Asia-Pacific region.
Oxy Capital’s competing proposal focuses on operational restructuring: streamlining Aeffe’s production footprint, consolidating its showroom network, and investing in Moschino’s direct-to-consumer channel after the brand lost creative director Davide Renne just weeks into his tenure.
The outcome will determine whether Aeffe remains under Italian ownership or becomes the latest European luxury group to attract Asian capital. A decision is expected by the end of the third quarter.
