Aeffe secures court-backed €2M shareholder loan as rescue bids loom

What's the deal? Italian fashion group Aeffe has secured court approval for a €2 million interest-free shareholder loan from Colloportus and FQuattro, the vehicles linked to Alberta and Massimo Ferretti. The Bologna court authorised the debt, which carries super-priority status and has already been fully disbursed.

Why now? The loan aims to keep the Romagna-based group financially afloat through the end of July 2026, as it awaits binding offers from potential investors bidding to rescue the company.

What's the endgame? Aeffe and its Pollini subsidiary are running a competitive process to bring in new backers. Oxy CapitalDealroom has a profile for this one. Try Dealroom → Italia, which tabled an offer on May 12, has confirmed it will make a binding proposal in the coming weeks. An Asian industrial player in the apparel and fashion sector has also expressed interest, with an offer that includes bridge financing of up to €25 million to sustain operations until December 31, 2026.

What's next? Once binding proposals arrive, Aeffe will file a new court request for further financing above the €2 million already received, to cover the interim period until the deal closes. Repayment is due within 18 months, or sooner if the business is sold or the group's warehouse property in San Giovanni in Marignano (Rimini) is liquidated. A current-account pledge secures the operation.

What could go wrong? The rescue hinges on bids that have yet to become binding. Riccardo Ranalli, the expert appointed for the negotiated crisis settlement, has extended the procedure to the legal maximum of October 4, 2026.

The signal: The court-sanctioned loan buys time rather than resolves the crisis, underscoring how heavily Aeffe's future depends on securing an external investor before its restructuring window closes.

Read more: Pambianco News