Aeffe net debt steady at 112.6 million euros as rescue deal takes shape

Italian fashion group Aeffe, owner of Moschino and Alberta Ferretti, ended July with net debt of 112.61 million euros, barely moved from 112.37 million euros a month earlier, as it works to negotiate its way out of a financial crisis. Of that total, 96.37 million euros is short-term borrowing against 29.06 million euros of medium- to long-term debt and 12.82 million euros of cash, meaning more than three quarters of what the group owes falls due within a year. The company disclosed the figures in a statement on Monday.