Armani Revenue Increases Overall but Slows in Asia

Armani Group has reported a 4% increase in revenue in 2023, coming in at €2.45 billion EUR (approx. $2.65 billion USD). The fashion group stated it experienced a "single-digit slowdown in the second half of 2023 and 2024" but maintained growth for the full year. The company continued that the revenues "reflect an adjustment within the luxury market, especially in the Asia ex-Japan region and the more accessible segment of the offer, with a single-digit decline in revenues recorded in the secon...