MILAN, Oct 7 (Reuters) - Italian fashion house Aeffe said its label Moschino had signed a five-year renewable agreement with Altana SpA for the creation, development and worldwide distribution of children's clothes.

Aeffe, whose shares were up 7 percent at 1.07 euros at 0858 GMT, said in a statement the new Moschino Teen, Kid and Baby collections for Fall/Winter 2009-10 would be presented in January and then sold in stores beginning in July next year.

No further financial details were given.

Altana operates in the children's clothing sector.