CALZATURA

WORLD NEWS:

Source:
"International Technology"

International Technology
N°    4       19/07/2002

ARMANI




The partnership between the Armani label and the firm belonging to the Guardi Family has given birth to a company which produces shoes carrying the signature of Giorgio Armani. Armani holds the controlling share of the new joint venture. The Milan-base fashion house closed the year 2001 with a world turnover of 1.27 billion Euros, registering growth of 23%. Profits, however, dropped by 8% compared to the year 2000 to 110 million Euros.




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