Armani news and archive

Armani Group: Net revenues down 5 percent in FY 2024

Consolidated net revenues of the Armani Group amounted to 2.3 billion euros, a decrease of 5 percent compared to the previous year at constant exchange rates (down 6 percent at current exchange rates). The decline in direct retail revenues was 3 percent at current exchange rates "despite various temporary closures for renovations." "In an...

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Business

Armani posts higher 2023 revenue but notes slowdown in Asia

The Armani Group saw a four percent rise in revenues last year, the luxury fashion group said Monday, while acknowledging a slowdown in Asia that was crimping sales this year. Revenues grew by four percent to 2.45 billion euros (2.65 billion dollars) in 2023, the company said in a statement. But it cited a "single-digit slowdown in the second...

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Fashion

Italy watchdog probes Armani, Dior over supplier labour issues

Italy's competition watchdog said Wednesday that it was investigating luxury fashion groups Armani and Dior over allegations they used suppliers that underpaid and overworked their staff. As part of the probe, the AGCM watchdog and the Guardia di Finanza financial police on Tuesday carried out inspections at the headquarters of Giorgio Armani...

Fashion

Armani's men mix refinement and nonchalance

The "king" of Italian fashion, Giorgio Armani, unveiled Monday his latest men's collection marked by fluid cuts and soft lines. Under the piercing blue eye of the 89-year-old maestro, projected on the runway's backdrop, models showed off the autumn-winter 2024/2025 collection in the intimate setting of his historic headquarters on Via...

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Business

Armani Group posts strong Q1 sales growth amid Asia recovery

Italy’s Armani Group reported strong sales growth in 2022 which has continued into the first quarter of the current year. In the 12 months ended December 31, net revenue increased 16.5 percent to 2.35 billion euros, while EBIT rose 30 percent to 202.5 million euros, and pre-tax net profit was up 16.4 percent to 218 million euros. The group said...

People

Giorgio Armani to receive honorary degree in global business management from Cattolica University

On Thursday May 11 2023, fashion designer and entrepreneur Giorgio Armani will receive an honorary degree in Global business management from the Università Cattolica del Sacro Cuore or the Catholic University of the Sacred Heart, with several campuses throughout Italy. The ceremony will take place in Piacenza, at the city’s municipal theatre....

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Business

Armani reports strong recovery in 2021, and continued growth in H1 2022

The Armani Group has reported “remarkable growth” in 2021, as revenues returned to pre-pandemic levels, which it has sustained into 2022, as H1 revenue are up 20 percent, compared to the first half of 2021. For 2021, the Armani Group reported consolidated net profits of 169.9 million euros, a 43 percent increase compared to pre-pandemic levels...

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Fashion

Audience back as Armani celebrates Emporio's 40th

Milan - Milan Fashion Week on Thursday celebrated the 40th anniversary of Giorgio Armani’s Emporio line of high-end ready-to-wear designs for a younger, trendier clientele. The designer, who 18 months ago was the first to close the doors of his show to the public as the coronavirus pandemic exploded, showed off his collection to a live audience....

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Fashion

Why fashion is integral to the Olympic Games

Fashion plays an integral role in the Tokyo Olympics, with the games officially opening today. The pride of national uniforms, especially from countries with globally recognisable brands and designers, are part and parcel of the competition and representation. Armani, Lacoste, Ralph Lauren, Skims, Adidas and Nike are just some of the brands that...

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Fashion

Armani returns to live fashion show audiences

Milan - More than a year after switching to virtual shows, Italian fashion house Armani announced Thursday the return of live audiences, starting with its Spring/Summer Men’s collection next month. The June 21 Giorgio Armani show will take place in Milan, while on July 6, the Giorgio Armani Prive fashion show will be held at the Italian embassy...

Retail

Armani opens store at Braintree Village

Italian luxury label Armani has opened its first outlet in Essex at Braintree Village. The 1,889 square foot store is situated next to Polo Ralph Lauren and joins other brands at the shopping destination including Calvin Klein, Tommy Hilfiger, and Timberland. It marks the first new signing at Braintree Village in 2021, following the addition of...

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Fashion

At Paris Fashion Week, the shows must go on, but expectations are low

The near-empty carriage in the Thalys train arriving via Amsterdam, Antwerp and Brussels into Paris Gare du Nord exemplified the current state of fashion week. Low attendance and low expectations reflect the reality of most brands and designers, who are forging ahead with collections, shows and presentations, but with little or no buyers or...