Lifestyle Italy's Armani returned to sales development in 2019 -...

Italy’s Armani returned to sales development in 2019 – Reuters

-

- Advertisement -
- Advertisement -
- Advertisement -


FILE Picture: A deliveryman is found silhouetted in front of Italian luxury model Giorgio Armani’s retail store at the Wangfujing buying street, as the country is hit by an outbreak of the novel coronavirus, in Beijing, China February twenty, 2020. REUTERS/Tingshu Wang

MILAN (Reuters) – Income at Italian style group Giorgio Armani returned to progress in 2019, a yr in advance of its target, immediately after a 3-12 months prepared slide from streamlining its distribution and model portfolio beneath just 3 labels.

The luxurious team claimed on Friday it was not nonetheless achievable to accurately estimate the affect of the COVID-19 pandemic, which has seriously strike the full market this 12 months but explained it experienced the sources to cope with uncertainties.

Net profits grew 2.3% to 2.158 billion euros ($2.forty four billion) very last yr, thanks mainly to the seven% increase in equivalent product sales in the directly managed shop and e-commerce community.

Total 2019 revenues, which include licences, rose by 9% to four.157 billion euros.

Earnings ahead of tax declined close to 12% to one hundred seventy five million euros and net earnings totalled 124 million euros.

The group experienced potent liquidity of 1.two billion euros at the finish of very last yr as opposed to one.3 billion in 2018.

Reporting by Claudia Cristoferi modifying by James Mackenzie

- Advertisement -

Latest news

Shark Week begins this weekend — observe it in HDR

All products featured here are independently selected by our editors and writers.If you buy something through links on our site, Mashable may earn an affiliate commission. By Leah StodartMashable Shopping2020-08-07 16:26:52 UTC If anything can get the serial social distancing streamers to pause Netflix and Hulu for a damn second, it's Shark Week. The Discovery…

Local game developer manufactured in excess of $five million in three decades with Cat Quest video games – The Straits Moments

As Singapore celebrated its 55th birthday the past weekend, local indie game developer The Gentlebros celebrated the third anniversary of its cutesy, action role-playing game series Cat Quest by releasing a glowing report card for it. The five-year-old homegrown company - founded by three Singaporeans who are former staff from Japanese video game company Koei…

*BREAKING* GTA On-line Summer time Update Stay: DLC introduced, missions, autos, discount rates, patch notes & far more – RealSport

GTA Online Summer Update has landed!Summer Update is liveLos Santos will never quite be the same now that the massive Summer Update is finally here.PLAN AHEAD: Launch new missions from your Galaxy Super YachtWith new missions, fresh cars, and a whole host of things to do – GTA Online players around the world are counting…

Kunal Kohli remembers Neil Nitin Mukesh assisting him on Mujhse Dosti Karoge: ‘Quite the brat you w… – Hindustan Moments

Before Neil Nitin Mukesh made his debut as an actor with Johnny Gaddaar in 2007, he worked as an assistant director on the sets of Kunal Kohli’s Mujhse Dosti Karoge. The film, starring Hrithik Roshan, Kareena Kapoor Khan and Rani Mukerji, completed 18 years of release on Sunday.Celebrating the anniversary, Kunal wrote on Twitter, “2002…

Ranbir Kapoor returns to established, celebrates hairstylist’s birthday next social distancing norms. See… – Hindustan Occasions

Actor Ranbir Kapoor has resumed work amid the coronavirus pandemic. On Monday, his hairstylist Ajay Kaloya shared a few pictures from the set on his Instagram page, which showed the actor casually dressed and wearing a mask.In his post, Ajay revealed that he turned a year older on Monday and the birthday was celebrated keeping…

SpaceX returns 5-flight Falcon 9 booster to port as up coming reuse milestone nears – Teslarati

SpaceX, for the second time ever, has successfully recovered a Falcon 9 booster after five orbital-class launches and landings and could be just a week or so away from its next record-breaking rocket reuse. On the morning of August 10th, after a night spent awaiting entry, tugboats carefully guided drone ship Of Course I Still…

Must read

You might also likeRELATED
Recommended to you

%d bloggers like this: