Aeffe Group, Moschino’s parent company, reported a 9% YoY decline in sales to $350.46 million (€318.6 million) and a widened net loss to $35.31 million (€32.1 million) for FY 2023, attributed to shifts in brand strategy, including changes in distribution models in China and repositioning plans. Moschino brand sales dropped 11.3% YoY to $264.88 million (€240.8 million), accounting for 76% of total revenue.