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Dec. 23, 2024
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Apparel and accessories

Armani folds diffusion lines into 3 primary brands as sales decline

July 25, 2017

The Giorgio Armani brand will now include haute couture and home. Image credit: Armani, fall/winter 2017

 

By Staff reports

Italy’s Giorgio Armani saw sales decline by 5 percent in 2016, which has caused the group to reorganize its businesses to combat luxury’s current challenges.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
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  3. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  4. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  5. Mood of global millionaires in the pandemic-era
  6. Desirability, operational efficiency key to luxury brand growth: Accenture
  7. The RealReal opens retail location in Houston
  8. Preloved items from Hermès hold highest resale value: The RealReal
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