By  on May 16, 2014

MILAN — Meet Giorgio Armani, fast-fashion retailer.

On Thursday, Armani unveiled ambitious plans to turn his A|X Armani Exchange brand into “the first global Italian fast-fashion brand targeting a young customer whose DNA is strongly Armani.” The designer unveiled the strategy as he revealed he has acquired the remaining 50 percent of A|X that he did not already own and while reporting that the Giorgio Armani Group had an 18.2 percent increase in operating profits last year.

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