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Business

Giorgio says Armani to stay independent

Italian fashion house Armani will stay independent, its founder and designer Giorgio Armani in an interview published Friday on business website Milano Finanza. "I have always believed that economic independence was the fundamental principle to work in full freedom," said Armani. The 84-year-old giant of Italian fashion said he had been...

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BusinessFeatured

Armani group reorganises brand portfolio

Italian fashion house Giorgio Armani is reorganising its brand portfolio from seven design lines to just three in response to the “highly competitive global market” said the luxury group, as it reported a 5 percent drop in group sales in 2016. The reorganisation it states will “strength individual brands” while also allow the portfolio to “...

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