- Prachi Singh |
For the fiscal year 2014, Giorgio Armani reported that earnings before interest, taxes, depreciation increased 5.7 percent to 507 million euros (553.9 million dollars) or about 674.3 million euros (736.2 million dollars) at current exchange rate from 479.8 million euros (524.1 million dollars), in 2013. The brand also saw a 16 percent increase in revenue to 2.53 billion euros (2.76 billion dollars).
“The excellent results obtained in 2014 once again prove that my group is able to confirm its position as a leader in the fashion industry as well as its status as a veritable point of reference on an international level,” said the designer in a press release.
Growth was seen across the board, but particularly in the homewear line, Armani/Casa with over 20 percent rise, and the haute couture collection Armani Privé with over 30 percent increase. The company said that its best-performing markets were Asia and the Middle East.
Armani Group, with 10,500 employee strength and 12 factories has a retail presence through 2,704 points of sale in over 60 countries around the world. The group has 166 Giorgio Armani stores, 324 Emporio Armani, 634 Armani Collezioni, 276 A/X Armani Exchange, 779 AJ | Armani Jeans, 170 Armani Junior and 55 Armani/Casa stores.