MILAN — A week before his celebratory trip to Beijing, Giorgio Armani said China posted a 45 percent gain in sales last year, which helped increase profitability and revenues of his namesake fashion company in 2011.
In the year ended Dec. 31, Giorgio Armani SpA’s operating profit rose 23.2 percent to 281.8 million euros, or $391.7 million, compared with 228.6 million euros, or $301.7 million, the previous year. Sales grew 13.6 percent to 1.8 billion euros, or $2.5 billion, from 1.59 billion euros, or $2.11 billion, in 2010.The company, which is privately held by Armani, did not disclose its net profit.
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