40Years Tag

After a 40-year tenure, Michelle Stein, president of Aeffe USA is stepping down, effective Friday. Stein plans to turn into a consultant within the short term and is exploring recent opportunities. Stein opened Aeffe’s first U.S. office and showroom in 1983 and established a status for identifying promising European designers, introducing them to the U.S. market and driving their growth. As president of Aeffe USA, she built a full-scale organization answerable for sales, marketing, public relations and distribution. Aeffe’s brands consist of Alberta Ferretti, Moschino, Philosophy di Lorenzo Serafini and Pollini. On Wednesday, following the recent departure of Jeremy Scott as creative director, Moschino’s general manager said he can even be leaving the corporate. Within the U.S., Stein can be succeeded by...