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...
30 Jul 2024
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...
17 Jul 2024
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...
16 Jan 2024
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...
25 May 2023
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....
20 Apr 2023
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...
20 Jul 2022
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....
24 Sept 2021
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...
23 Jul 2021
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...
20 May 2021
Never before had Miuccia Prada seen so many people at one of her fashion shows. Of course, they were all watching from their computers. "Now we are with so many more people, and that's new, at least for me," said Prada on Thursday, following her digital show on the second day of Milan Fashion Week. The top Italian fashion brand, known for its...
25 Sept 2020
The Armani Group has opened its first Giorgio Armani boutique in Monte Carlo, Monaco, located in the renowned building of the Hôtel Hermitage. The concept of the boutique was personally developed by Giorgio Armani, in collaboration with his team of architects, confirmed the brand, and respects the Belle Époque-style architecture with the...
10 Sept 2020
Italian fashion house Giorgio Armani has confirmed that for its upcoming fashion shows this month for Emporio Armani and Giorgio Armani it will do so, without guests. Both brands will showcase men’s and women’s collection and will feature as part of Milan Fashion Week in September, however, the Italian fashion house said in a statement: “...
7 Sept 2020
