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September 05, 2006
Armani Reports Banner 2005
Giorgio Armani's profit surged nearly 23% in 2005, to $193 million, on sales that grew 10% to $1.8 billion.
The Italian company benefited from successful business ventures and real estate deals as it continued to grow its brands.
The fashion house introduced the Giorgio Armani Privé couture line last year, and formed a joint venture to expand its A|X Armani Exchange brand, allowing it to attract both ends of the market.
Posted by Blacks on September 5, 2006 09:33 AM
