Oxy Capital Submits Binding Offer to Acquire Aeffe
Italian fashion group Aeffe has received a binding offer from Oxy Capital, offering potential resolution for its financial difficulties. The deal could prevent the company's liquidation and provide stability through restructuring efforts supported by unions FILCTEM-CGIL, FEMCA-CISL, and UILTEC-UIL. Unions have expressed optimism about job security and long-term development plans as part of negotiations with Oxy Capital and its Chinese industrial partner. Aeffe is currently undergoing a corporate turnaround process facilitated by Lazard, following an initial offer from Oxy Capital in May 2026. The restructuring proposal aims for court approval by October 2026 to finalize the transaction before year-end. Despite declining sales and significant debt, Aeffe has made strategic moves such as appointing new creative directors at Moschino.
Topics: Acquisition Fashion Industry Restructuring