After a 40-year tenure, Michelle Stein, president of Aeffe USA is stepping down, effective Friday.
In the U.S., Stein will be succeeded by Khoa Nguyen as president of Aeffe USA, effective Saturday. He had been Aeffe USA’s senior vice president.fashion
Stein said she will continue in an ambassadorial role for the next six months through the September and Octobershows, but the position is non-operational. During that time, she plans to establish relationships with other brands. “I discovered Franco Moschino who was designing Cadette, a well-known brand with quite a bit of buzz in Europe. Word got to me he was going to be launching his eponymous brand and Aeffe was the licensee, and I just jumped in a car and drove down four hours to Cattolica in order to secure that. At the time, they said ‘why don’t we just open a U.S. office?”
in America climbed 14 percent to 24.5 million euros, or 7 percent of the total, boosted by a 34.1 percent increase of the wholesale channel in the region.
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