What's next for Armani? Company's first results since Giorgio Armani's death | News. az
Giorgio Armani SpA, the parent company of the Giorgio Armani fashion group, more than doubled its net profit to approximately €67 million ($76 million) in 2025, according to newly released company filings. . .
Giorgio Armani SpA, the parent company of the Giorgio Armani fashion group, more than doubled its net profit to approximately €67 million ($76 million) in 2025, according to newly released company filings that mark the first annual financial results since founder Giorgio Armani's death last September. The filing shows that roughly half of the year's profit was distributed to shareholders as dividends,News. Azreports, citingReuters. The company also disclosed that it has formally appealed a €3. 5 million fine imposed by Italy's antitrust authority, seeking to overturn the penalty through a regional administrative court. RECOMMENDED STORIESIran: Two IRGC personnel killed while clearing unexploded ordnanceIran hands death sentence to man convicted of espionageOutbreak could be worse: Venezuela confirms 3 hantavirus deathsWhat caused the deadly Guyana ferry disaster? Investigation intensifiesThe fine stemmed from a ruling over alleged unfair commercial practices after one of Armani's subsidiaries was placed under judicial administration as part of an investigation into worker abuses within its supply chain. In the filing,Armanisaid it challenged the decision "in the certainty of having always operated with the utmost fairness and transparency towards consumers, the market and stakeholders. "The documents also reaffirm the central role of the Giorgio Armani Foundation in the company's long-term governance. In line with the late founder's wishes, the foundation's ownership stake can never fall below 30. 1% of the company's share capital, ensuring it retains strategic influence over the luxury fashion house. The shareholder meeting minutes did not provide any update on a potential sale of a minority stake in the company. Giorgio Armani had previously expressed his wish that, beginning one year after his death, a 15% stake could be sold to EssilorLuxottica, L'Oréal, LVMH or another leading luxury industry player. The company also confirmed plans to expand its hospitality business with the opening of a third Armani Hotel in Diriyah Gate, Riyadh, in 2027. Armani Hotels currently operate in Dubai and Milan. Despite the stronger bottom line, the luxury group previously reported that revenue declined 2. 8% at constant exchange rates in 2025, reflecting weaker demand in its wholesale business. The latest results highlight Armani's ability to improve profitability while navigating leadership changes, legal challenges and softer sales in parts of the global luxury market. News. AzBy Aysel Mammadzada