MILAN — Showing resilience in the face of a tough economy and propelled by growth across all brands and regions, Giorgio Armani SpA reported a 1.5 percent increase in sales last year, although the recession and heavy investment bit hard into profits.
The fashion company Thursday said a slowdown in demand in the fourth quarter pushed earnings before interest, taxes, depreciation and amortization (EBITDA) down 14.6 percent to 303.2 million euros, or $445.7 million, from the company’s “record” year in 2007. Sales rose to 1.62 billion euros, or $2.38 billion. At constant exchange, the sales increase stood at 2.4 percent. In particular, revenues in Greater China rose 30 percent, offsetting a 4 percent drop in Japan.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)