Giorgio Armani
Armani changes local partner in India
Italian luxury house Giorgio Armani, present in India with two Emporio Armani stores and a Giorgio Armani label store, is ending its Indian joint venture with DLF Brands, a division of real estate giant DLF. The Italian fashion house will now enter into a franchisee deal with Genesis Luxury to expand its retail presence in India.
The French will continue to buy out Italian luxury brands, says Giorgio Armani
In a short statement after the Armani fashion show during the on-going Milan Fashion Week, Giorgio Armani insisted he regards himself as a business man and not a financier, responding to questions on a possible take over of his company.
He also added ''I am convinced the French will continue to buy companies in Italy.
Armani to suit up Mumbai homes
Almost a year after launching its ambitious project "World One", touted as the world's tallest residential tower, Mumbai's Lodha Group is bringing iconic fashion designer Giorgio Armani's interior design studio, Armani Casa, to India next month to design its apartments and villas.
Armani, Ferragamo scout for allies in India
Two marquee international brands, Giorgio Armani and Ferragamo, that have joint ventures with leading realty player DLF group's subsidiary, DLF Brands, have been talking to other corporate groups and investors to scope out the potential of changing their Indian partner.
Prada's stock market debut marred by "tacky" charge from Giorgio Armani
When Prada made its stock exchange debut in Hong Kong on Friday, it was the realisation of a dream held for at least 10 years by the creators of what has become Italy's top-selling fashion house.
But the occasion was tainted by the lingering venom of the most toxic attack the Italian fashion world has seen in recent years. At a press conference in Milan on Tuesday Giorgio Armani tore into Miuccia Prada, saying she had "chosen the path of irony and of the bad taste that pleases".
Armani, Gucci, Burberry to open stores in New Delhi
Giorgio Armani, Gucci and Burberry are among the international luxury brands to open, each, second stores, in the Indian capital of New Delhi, in the nearby city of Gurgaon, at the newly opened Oberoi Gurgaon Hotel.
The Oberoi Gurgaon is the latest luxury hotel opening by the Indian hotel operator in India and is situated within 15 minutes from Indira Ghandi, New Delhi's International Airport and less than approximately 45 minutes from the city centre.
Giorgio Armani plans major fête in Beijing
Giorgio Armani is planning a major event to celebrate his decade plus mark in China on 28 May in Beijing.
Armani's Greater China business comprises of 13 Giorgio Armani boutiques, 51 Emporio Armani stores, 62 Armani Collezioni stores, 31 AJ Armani Jeans stores, seven Armani Junior stores, 33 A|X Armani Exchange stores and six Armani Casa stores in 43 cities.
The company is looking to reach "the younger, computer-savvy, affluent consumer, and the new breed of mobile Chinese".
Mr Armani speaks about Bulgari's new ownership and the posibility to create a luxury Italian pole
In an interview to Italian media referring to Bulgari's new ownership, Santo Versace, Chairman of Altagamma, the association of Italian luxury brands, said that Giorgio Armani is the last major Italian brand which can create a pole of Italian luxury brands, thus protecting not only ''Made in Italy'' but also Italian luxury brands remaining in Italian ownership.
Mr Giorgio Armani said in a recent interview that he still has a lot to do within his own group before considering creating such a pole.
Luxury industry trends in 2011
2010 has been a year of gradual recovery for most of the major luxury fashion brands, especially those with a strong accessories product range.
Louis Vuitton, Prada, Giorgio Armani, Gucci posted steady increases mostly due to the booming sales in China. The best performers of 2010 have been Burberry and Hermès, with exceptional sales growth across worldwide.
Armani goes online for Chinese market
Italian fashion designer Giorgio Armani plans to tap the Chinese market with a new online store that opened last Friday for Emporio Armani in one of the first such initiatives in China by a major fashion brand.
"In view of the increasing enthusiasm for online shopping and the growing importance of the Chinese market, I have decided to open an Emporio Armani online store in China," Armani was quoted as saying in a statement.
