Significant growth across all lifestyle brands, product categories and geographic areas
- Consolidated revenues of 1.6 billion Euros +8% compared to 2006 (+12% at constant exchange rates)
- EBITDA of 355 million Euros +18% compared to 2006, 22% as a percentage of consolidated turnover
- EBIT of 289 million Euros +17% compared to 2006
- Net cash of 373 million Euros
- Investments of 95 million Euros
- Wholesale revenues increase to 2.4 billion Euros +15% compared to 2006 (+18% at constant exchange rates) with excellent performance across all product categories, brands and geographical areas
- Expansion in the company’s worldwide retail network with the addition of 49 new stores and with a further 50 openings scheduled for 2008
- Wholesale orders for Autumn/Winter 2008/2009 collections up by +7% (+9% at constant exchange rates) (more…)
Armani Exchange steamed up the windows of its new London flagship with some sexy entertainment last week. The A/X brand marked the launch of its Pima men’s underwear collection with a show of live models wearing the latest range.
Staying true to its advertising campaign, 10 god-like bronzed models were on hand to show customers the capsule collection first hand, wearing not much more than Armani pants. Seven of them could be seen in the window, whilst the others handed out free wristbands. Crowds gathered at the store to get a glimpse for the action and buy the new range, which cost from 12 pounds to 15 pounds.