Aeffe appoints Riccardo Bagolin as general manager

Aeffe has appointed Riccardo Bagolin as its new general manager, effective Wednesday. The executive, formerly at OVS and Stefanel, will support the management of the group and the Pollini brand in the turnaround process, in a coordinating capacity and working closely with chief restructuring officer Stefano Falliti.

Throughout his career, Bagolin has worked in both Italy and Asia, holding senior roles at fashion, textile, and apparel companies including Stefanel and OVS, where he coordinated organisational streamlining programmes, overhauls of operational processes, and industrial development initiatives. His expertise spans operations, supply chain, and corporate reorganisation, as well as the management of complex business transformation and corporate crisis situations.

Aeffe, which also owns Alberta Ferretti, Moschino, and Philosophy, is in the midst of a negotiated crisis-resolution procedure that culminated at Christmas 2025 in a plan for redundancies and lay-offs at its offices in Milan and San Giovanni in Marignano, Rimini.

Bagolin’s appointment forms part of the relaunch of the Romagna-based group, which last month received a non-binding takeover offer from Oxy Capital. The fund, which is leading a consortium of industrial and financial partners still being put together, is seeking full control of the entire business owned by Aeffe. Its offer is expected to be finalised by June, with completion slated for the end of the 2026 financial year.