We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 18, 20249:06am

Giorgio Armani profits and sales shrink in 2018

The Italian company, that unified its brand portfolio two years ago, earned 152 million euros (169 million dollars) last year, compared to the 242.4 million euros (270 million dollars) in 2017.  

Jul 26, 2019 — 4:25pm

 Giorgio Armani profits and sales shrink in 2018



Armani suffers the consequences of its reorganization. The fashion group has closed its fiscal year with a downfall of 37.3% in its profit and a drop in sales of 9.8%. The company has stated that the consequences of both falls are due to the reorganization of its brand portfolio, according to WWD.


In 2017, the company announced a unification of its portfolio, to focus in only three brands: Giorgio Armani, Emporio Armani and Armani Exchange, an operation that became effective in spring 2018. Armani Collezioni and Armani Jeans joined Empori Armani and Armani Exchange respectively.


The company’s revenue was 2.1 billion euros (2.3 billion dollars), compared to 2.3 billion (2.6 billion dollars) euros last year, “in line with established budgets and consistent with the medium-to-long-term strategy of simplification and streamlining of the brand portfolio,” stated the company.




The company plans to return to its growth in 2020. The group’s benefit reduced up to 152 million euros (169 billion dollars) in 2018, compared to the 242.4 million euros (270 million dollars) in 2017.


To supports its strategic plan, the company rised 28% its investment, up to 106 million euros (118 million dollars). Armani has also rearranged its executive team with two managing directors, Guiseppe Marsocci and Daniele Ballestrazzi.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment