By  on September 4, 2009

MILAN — Giorgio Armani SpA last year was not immune to the international financial crisis, which hurt the company’s bottom line despite a growth in sales.

In 2008, the company reported a 41.4 percent drop in net profit, which fell to 128.1 million euros, or $188.3 million, compared to 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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus