
Giorgio Armani slows in FY2024 with 6% revenue decline
Translated by Nazia BIBI KEENOO Published July 2, 2025 Even Giorgio Armani has felt the effects of the global slowdown in fashion and luxury sales. In FY2024, the Armani Group reported consolidated net revenues of €2.3 billion, down 5% year-over-year at constant exchange rates and 6% at current exchange rates. Revenues from the direct retail…