Armani Achieves €67M Net Profit in 2025, Challenges Italian Antitrust Fine
Armani's 2025 Financial Performance and Legal Developments
MILAN, July 22 (Reuters) - Profit at Giorgio Armani SpA, the parent company of the Giorgio Armani group, more than doubled to about €67 million ($76 million) in 2025, with roughly half of that amount distributed in dividends, according to a company filing, marking the first annual results published since the company founder died last September.
Legal Proceedings and Antitrust Fine
• According to the filing, Giorgio Armani SpA last year appealed an Italian antitrust authority decision before a regional administrative court, seeking the annulment of a €3.5 million fine imposed for unfair commercial practices after one of Armani's units was placed under judicial administration over worker abuses in supply chains.
Company's Response to Allegations
• The company said the appeal was filed "in the certainty of having always operated with the utmost fairness and transparency towards consumers, the market and stakeholders."
Corporate Governance and Foundation's Role
Strategic Direction by Giorgio Armani Foundation
• The filing reiterates the key role of the Giorgio Armani Foundation in providing strategic direction to the group and states, in line with Giorgio Armani's will, that the foundation's stake can never fall below 30.1% of the company's capital.
Potential Stake Sale
Shareholders' Meeting Update
• The minutes of the shareholders' meeting provided no update on a potential sale of a stake in the company, following the founder's wish that a 15% holding be sold, from one year after his death, to EssilorLuxottica, L'Oreal, LVMH or another industry player of similar standing.
Expansion and Revenue Performance
Armani Hotel Expansion
• The opening of a third Armani Hotel is planned for 2027 at Diriyah Gate in Riyadh. Armani Hotels are already operating in Dubai and Milan.
Revenue Decline
• As previously disclosed by the company, revenue fell 2.8% at constant exchange rates last year, weighed down by weak performance in the wholesale channel.
($1 = 0.8760 euros)
(Reporting by Elisa AnzolinEditing by Keith Weir)
