MILAN – Giorgio Armani SpA on Wednesday reported double-digit growth in profits and revenue for last year and said first-quarter retail sales were up 8 percent.
Earnings before interest and taxes for the 12 months ended Dec. 31, rose 18 percent to 191 million euros, or $238.8 million. Sales for the period advanced 10 percent to 1.42 billion euros, or $1.8 billion, which Armani termed a “record level.”
All dollar figures have been converted from the euro at average exchange rates for the period.
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?"