Armani Group news and archive

Armani Group and EssilorLuxottica announce 15-year licensing renewal

The Armani Group and EssilorLuxottica have renewed their licensing agreement for a further 15 years. The current license was due to expire on December 31st and went into effect January 1st, 2013. The companies have been eyewear partners since 1988. “During the course of my career I have always built long-term collaborations and agreements with...

BusinessFeatured

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...

Fashion

Giorgio Armani joins brands banning angora

Italian luxury fashion conglomerate the Armani Group announced on Monday that it would no longer use angora wool across all lines from the Fall/Winter 2022/2023 season onwards. The Group has added the material to the list of excluded materials within its fur-free policy, which came into effect in 2016 in agreement with the Fur Free Alliance. “I...

BusinessFeatured

Armani reports “better performance” than forecast in 2019

Italian fashion group Giorgio Armani has reported a return to growth in 2019, a year in advance following the rollout of its strategic plan to upgrade its brand portfolio and streamline its distribution network. In 2019, the Armani Group reported consolidated net earnings totalling 124 million euros on net sales revenue of 2,158 million euros,...

Business

Restructuring negatively impacts Giorgio Armani's FY17 sales and profit

The Armani Group has said through a media statement that the company achieved positive results in 2017, with net profits of 325 million euros (376.7 million dollars) on 2,335 million euros (2,706,5 million dollars) of net revenues, down 7 percent at actual exchange and 5.8 percent at constant exchange. The company said, these results fit in the...