Armani group annoucnes results for 2012.
27 May. 2013
Giorgio Armani: 20% more profitThe Armani Group announces its results for 2012 and shows a very “positive financial performance for the third consecutive year”. The consolidated revenues rose in 2012 by +16% at 2.09 billion Euro in comparison to 2011. Growth was evident across all of the brand’s lines and was particularly strong for the Giorgio Armani and Emporio Armani brands. The turnover, including licensed products at retail value in 2012, reaches the record figure of 7.4 billion Euros, with significant growth in all the markets in which the Group operates. The EBIT enhanced by 20% to 339 million Euros.
Giorgio Armani, Group Chairman, commented: “The excellent results achieved in 2012 confirm the quality of leadership that we have here at Armani. They are the result of a strategy focussed on the constant search for quality, an approach that over the years has built an extraordinary level of brand awareness and loyalty. We have also continued to enjoy a strong relationship with our wholesale partners.”
The Armani Group is one of the leading fashion and luxury goods companies in the world, with over 6,500 employees and 12 factories. The Group’s own-brand distribution network now has 2,203 stores and includes: 151 Giorgio Armani boutiques, 250 Emporio Armani stores, 356 Armani Collezioni stores, 266 A/X Armani Exchange stores, 674 AJ | Armani Jeans stores, 124 Armani Junior stores and 53 Armani/Casa stores, in 46 countries worldwide.
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