Armani eyes sales return

The Italian fashion house started recovering in the first half of this year

Giorgio Armani remains the sole shareholder of the company he co-founded in 1975.

Giorgio Armani sees pre-pandemic level sales returning next year after the Italian fashion group lost about a quarter of its net revenue in 2020.

“The goal is to return to pre-pandemic levels by 2022, with over €4bn in indirect revenues, including licenses, and over €2bn in direct consolidated revenues,” Giorgio Armani, chairman and chief executive officer of the Armani Group, said in a statement today.