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Armani Returns to Profitability, Trading Above Pre-Pandemic Levels

The closely-held Italian fashion giant reported consolidated revenues of over €2 billion for 2021, meeting its rebound target a year earlier than owner and CEO Giorgio Armani had forecast.

Giorgio Armani poses with models at the end of the runway show for his Privé couture line. — Giorgio Armani poses with models at the end of the runway show for his Privé couture line. (Marco Erba / SGP/ Courtesy of Armani)

By

Robert Williams

20 July 2022

BoF PROFESSIONAL

Armani Group reported that revenues rose 26 percent to €2.02 billion last year, approaching pre-pandemic levels and meeting a €2 billion target for the brand’s rebound a year earlier than its owner and chief executive officer, Giorgio Armani, had previously forecast.

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About the author

Robert Williams

Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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