The revenues of the Italian luxury fashion company Giorgio Armani S.p.A. amounted to 2.1 billion euros in 2018. This figure represents a decrease by some 200 million euros compared to the previous year. In 2018, the
EBITDA of the company reached 314.3 million euros. In 2017, this figure reached 437.7 million euros.
A global brand
Giorgio Armani S.p.A. is an Italian luxury fashion house founded by Giorgio Armani in 1975. The company designs, manufactures and retails high-end, ready-to-wear, leather goods, shoes, jewelry, accessories, cosmetics and home interiors. Throughout the years, the company has grown to become one of the most well-known brands globally. In 2016, it ranked second among the
most valuable fashion brands in Italy. Moreover, the brand seems to be very popular also on social media: Armani boasted almost ten million followers on Instagram, ranking sixth among the
most followed Italian fashion brands.
The man behind the brand
Giorgio Armani is considered to be a living legend in the fashion world. His talent, along with his entrepreneurial spirit, allowed him to rise among the most influential persons in the business. His long career as a designer started in the 1960s and surged after he designed Richard Gere's wardrobe for the 1980 blockbuster film American Gigolo. Together with fame and recognition came also money: he ranks among the five
wealthiest individuals in Italy, with a fortune valued at 8.5 billion US dollars.