Armani Posts ‘Single Digit’ Sales Drop in First Half

Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6 percent at constant currencies, despite a ‘single-digit’ slowdown in revenues in the second half which continued this year.

The weakening in sales observed through the first six months of 2024 reflects “an adjustment within the luxury market, especially in the Asia ex-Japan region and the more accessible segment of the…