Jewellery, eyewear & accessories sale up at Giorgio Armani
24 Apr '07
3 min read
“Our financial results in 2006 demonstrate that the strategic investments we have made over the last several years in creating our unique business model have succeeded in generating dynamic growth for the Armani Group, across all regions of the world and all of our product categories and lifestyle collections.
I would particularly highlight the continued growth of our accessories business for which we have now built an important wholesale distribution of 1,100 doors; the ongoing worldwide expansion of the A/X Armani Exchange brand including the new markets of Brazil, Indonesia and the United Arab Emirates; the strong performance of all our licensed products and most especially the eyewear collections, which are now benefiting from a successful market re-positioning; and, the excellent results we have already achieved from our fast-track retail expansion programme within the travel and duty free sector.
The current year is showing the same positive momentum as in 2006 with wholesale orders for the Autumn Winter 2007/8 collections up 9% year-on-year. We are again embarked upon an ambitious programme to further extend our worldwide direct retail network with over 50 new openings planned in the year, including the Tokyo Armani/Ginza Tower concept store.
Our product expansion has continued through the launch of a new Giorgio Armani skin care line and a new men's fragrance called Attitude. We will also shortly unveil the show apartment for the world's first Armani Residences located at the Burj Dubai, which will provide a preview of what is to come from our Armani Hotels and Resorts venture.
Last week The Economist magazine cited this company as “the pioneer of luxury brand extension”. The results we are announcing confirm that our “pioneering” multi-brand fashion and lifestyle strategy has established a firm foundation for significant year-on-year growth in revenues and profitability.
marketing@alchempro.com
