OR Giorgio Armanicommonly known as Armani (Italy), It is an Italian luxury fashion house founded in Milan by Giorgio Armani who designs, manufactures, distributes and trades high -end sewing, ready -made clothes, leather items, shoes, accessories and interior home decoration.
Among other things, Armani fashion house grants her name and name to Luxottica for glasses and L’Oréal for fragrances and cosmetics. It is considered Italy’s third largest fashion group after Gucci and Prada.
In addition to the high -end Armani Privé series, Giorgio Armani and Emporio Armani are the company’s ready -made clothing series presented at Milan Fashion Week. Armani Collezioni, Armani Exchange and Armani Jeans are sold at lower prices.
THE annual turnover of Armani reached recently near the 6 billion euroswhile the his net profits amounted to 90m eurosemploying over 7,300 workers around the world.
History
Armani and his partner, architect Sergio Galeotti, founded Giorgio Armani Spa the 1975Reportedly, with money from the sale of Volkswagen in Armani.
Armani signed a license with Gruppo Finanziario Tessile (GFT) in 1978. The company also entered into a license and distribution with Simint in 1991, when the company launched A | x Armani Exchange.
By 1993, the name Armani was represented by 23 legal and two major joint ventures in Japan. Until the 1990s, the company’s strategy was to cancel licenses and undertake production internally, in an effort to exercise greater control over quality and distribution.
Construction agreements that later returned internally include the acquisition of Antinea (1990), Simint (1996) and Intai (1998).
In 2000, after buying GFT factories, Armani set up a joint venture with Zegna to produce and distribute the Collezioni men’s collection. Armani also increased its share of the Japan consortium with Itochu to 85%.
In 2001, Armani commissioned architect Tadao Ando to turn an old Nestlé chocolate factory in the Savona/Tortona area of Milan into a company headquarters.
Also, in the early 2000s, Armani opened five large stores designed by Massimiliano and Doriana Fuksas, starting with the opening of the Armani/Manzoni store in Milan in 2000, which has all the brands of the company. Other sites are located in Hong Kong (Armani/Cater House, opened in 2002), in Munich (Armani/Fünf Höfe, opened in 2003), in Tokyo (Armani/Ginza Tower, opened in 2007) and in New York (Armani/Fifth Avenue, opened in 2009).
In 2002, Armani announced a new consortium with the I Guardi footwear manufacturer as part of a strategy to put production under its control. Starting in 2007, the company worked with Samsung to develop a series of high quality electronics.
In 2007, Giorgio Armani confirmed to Reuters that he had been approached by Beiersdorf in 2005 on a possible merger, but had been very detached from other projects since then to pursue this option.
In 2016, he confirmed that he had founded the Giorgio Armani Foundation, which, while aiming to finance social projects, also aims to “safeguard the Armani Group’s assets and to ensure that these assets are maintained consistently over time”.
As part of its succession plan, the Foundation will hold an unnamed share of the company, with the rest going to its family.
By 2017, the company was considered a primary candidate for importing the Stock Exchange. In 2021, Giorgio Armani excluded the merger with either LVMH or Kering and also allegedly excluding a Steland’s offer to acquire a minority share.
In February 2020, Armani was the first fashion brand to decide to close its shows to the public amid the start of the Covid-19 pandemic, organizing the event without a public.
By March 2020, all its Italian production plants began producing disposable medical forms.
In 2021, the luxury yacht maker The Italian Sea Group announced that Giorgio Armani Spa would invest in the company’s original public offer on the Italian Stock Exchange.
Despite the promise of suspension of investment in Russia, Giorgio Armani continues to operate in the country amid the Russian invasion of Ukraine. While the brand held a silent fashion show at Milan Fashion Week in February 2022 as a “sign of respect” for Ukraine, it has not diminished its activities or marked exit plans from the Russian market.
This ongoing presence has caused criticism, as international sanctions target Russia for its aggression and murder of civilians in Ukraine. Giorgio Armani is among several European companies that remain operational in Russia, raising questions about their moral and corporate responsibilities during the conflict.
In April 2024, Giorgio Armani Operations was put under judicial management in Italy after an investigation claiming that the company employed illegal and undeclared Chinese workers.