In 2021, the net income of the Italian brand Giorgio Armani exceeded 2 billion euros, which allowed the company to fulfill its financial plan a year ahead of schedule. writes about it WWD.
Last year, Giorgio Armani’s profit increased by 26.3% compared to 2020 figures (€1.6 billion). However, the figure for 2021 is 6.3% less than in 2019. Later the profit amounted to € 2.16 billion.
Last year, the brand set a goal of returning to pre-pandemic trade levels by 2022, generating over €4 billion in revenue and over €2 billion in net sales. Giorgio Armani has already managed to fulfill the second condition.
Fashion designer Giorgio Armani himself said: “This robust and consistent approach has proven effective, especially in the last few years that have been very challenging for our personal and professional lives. Our company turned out to be stable in terms of capital and finance, which made us feel comfortable even in a challenging world situation.”
Formerly socialbites.ca reportedHe said that Russian women began to buy home decorative cosmetics more often.