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Dec. 23, 2024
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Apparel and accessories

Armani predicts 2 more years of losses before 2020 recovery

August 3, 2018

Armani's 2017 results showed a 7 percent loss in revenue. Image credit: Armani

 

By Staff reports

Italian fashion label Giorgio Armani has responded to its falling profits last year, warning that it will likely see losses again this year and in the next before coming back up in 2020.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
  2. Happy Holidays!
  3. Iris Law stars in Versace’s Dylan Purple fragrance campaign
  4. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  5. Mood of global millionaires in the pandemic-era
  6. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  7. Desirability, operational efficiency key to luxury brand growth: Accenture
  8. The RealReal opens retail location in Houston
  9. Luxury Unfiltered: When brands fall spectacularly short on client service
  10. Preloved items from Hermès hold highest resale value: The RealReal
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