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Aeffe Terminates Early Its New York Showroom Lease Agreement

ReutersMay 28, 2025 5:13 AM
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- 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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