MILAN — The Giorgio Armani Group said it renewed its partnership with Seoul-based fashion distributor Shinsagae International as it marks the 20th anniversary of its arrival in South Korea.
The Italian company first entered the country with Emporio Armani in 1992, in partnership with Shinsegae International. The business has grown to include 80 boutiques across six brands ranging from the designer’s signature collection to A|X Armani Exchange.
Group sales in Korea are expected to total 100 billion won, or $87.4 million at current exchange rates, in 2013.
The goal is to double revenues in the area by 2016. Sales have increased by around 20 percent every year.