Aeffe Terminates Early Its New York Showroom Lease Agreement
May 28 (Reuters) - Aeffe SpA AEF.MI:
SAID ON TUESDAY IT HAD TERMINATED EARLY LEASE AGREEMENT OF NEW YORK PROPERTY USED AS SHOWROOM, OWNED BY FERRIM USA
TERMINATED LEASE AGREEMENT FOR ANNUAL RENT OF $0.9 MLN WAS DUE TO EXPIRE ON SEPT 2027
AEFFE TO RELOCATE SHOWROOM, OFFICES TO SMALLER SPACE
DECISION IS LINKED TO SHIFT OF SALES CAMPAIGNS TO MILAN, PARIS, REDUCTION IN NUMBER OF PERSONNEL EMPLOYED
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