Aeffe Spa - to ascertain one or more binding offers after shareholder loan

Aeffe Spa, the Italian fashion group, is progressing in its restructuring efforts following the submission of a preliminary nonbinding offer from Oxy Capital, a corporate turnaround specialist. The proposal, which involves transferring substantially all of Aeffe’s business assets to entities controlled by a consortium of industrial and financial partners, aims to facilitate negotiated business crisis composition. A binding offer is expected to be submitted in early June, with court approval targeted for October 2026.

In parallel, Aeffe has filed an application with the Court of Bologna for judicial authorization to secure a super-priority financing agreement with illimity Bank for up to €20 million, intended to address liquidity needs during the restructuring process. The hearing for this request is scheduled for June 17, 2026.

The company has also announced an “extraordinary finance transaction” expected to be finalized in June to support operations during ongoing negotiations. Aeffe continues to work with Lazard and court-appointed advisors to finalize a broader restructuring plan, while also seeking extension of crisis composition proceedings through October 5, 2026.