By  on May 24, 2011

MILAN — Giorgio Armani is riding the luxury bounce.

Lifted by gains in China, net profits at Giorgio Armani SpA jumped 80 percent to 161 million euros, or $212.5 million, in fiscal 2010, compared with 88.8 million euros, or $123.4 million, in 2009. The company also attributed the performance to increased full-price sales in both its retail and wholesale channels, “extreme attention to costs” and gains in volumes and margins derived from licenses.

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