Giorgio Armani SPA has strong 2007

11 Apr '08

3 min read

The Armani Group announces its financial results for the year 2007, which confirm both the success of the company's unique multi-brand and lifestyle strategy and the effectiveness of its management approach.

Wholesale revenues - showing an increase in all product categories – demonstrate the strength of the Group's brands and the positive impact of its worldwide expansion strategy.

At current exchange rates Watches and Jewellery increased by +20% (+31% at constant exchange rates), Eyewear +19% (+21% at constant exchange rates), Fragrances, cosmetics and skincare +13% (+16% at constant exchange rates), Apparel +12% (+16% at constant exchange rates).

Growth has been substantial throughout all geographic areas as well. At current exchange rates: Greater China +24% (+28% at constant exchange rates), Europe, excl. Italy, +19% (+20% at constant exchange rates), Rest of the World +18% (+19% at constant exchange rates), Italy +13% (+13% at constant exchange rates), North America +7% (+17% at constant exchange rates), Japan +4% (+14% at constant exchange rates).

Growth has also been significant for each of the Group's lifestyle brands. At current exchange rates: Armani Junior +47% (+47% at constant exchange rates), A/X Armani Exchange +25% (+38% at constant exchange rates), Emporio Armani +20% (+24% at constant exchange rates), Giorgio Armani +13% (+15% at constant exchange rates), Armani Collezioni +8% (+15% at constant exchange rates), Armani Jeans +5% (+6% at constant exchange rates).

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