Italy ARMANI Group Will Actively Explore The Chinese Market

Although the economic situation is uncertain in 2008, he expects the company's performance will continue to grow this year, due to an increase of 9% in autumn and winter orders.

He also pointed out that the company will continue to expand sales outlets. It is expected that 50 new sales outlets will be set up in emerging markets mainly in China and India this year.

According to PAMBIANCO, a fashion research firm in Italy, in 2007, Armani's famous luxury fashion group Armani (ARMANI) achieved success in its multi brand strategy and efficient management, and its business efficiency continued to grow.

The combined sales revenue reached 1 billion 600 million euros in the year, an increase of 12% over the previous year, and realized a profit of 355 million euros before the interest, tax, depreciation and amortization (EBITDA), an increase of 18%.

From its main sales market, Italy's local market sales increased by 9%, the European market grew by 15.9%, the Chinese and Hongkong markets grew by 14.7%, and the US market grew by 1.5%.

Group Chairman George Armani pointed out that although the economic situation in 2008 is still uncertain, the company's performance will continue to grow this year due to an increase of 9% in autumn and winter orders.

He also pointed out that the company will continue to expand sales outlets. It is expected that 50 new sales outlets will be set up in emerging markets mainly in China and India this year.