MILAN — The international financial crisis and heavy investment hurt Giorgio Armani SpA’s bottom line in 2008, and it is expected to see a further decline this year.
The company reported a 41.4 percent drop in net profits last year, to 128.1 million euros, or $188.3 million, from 218.7 million euros, or $299.6 million, the previous year. Consolidated revenues in 2008 rose 1.5 percent to 1.62 billion euros, or $2.38 billion. At constant exchange, the sales increase stood at 2.4 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"