Armani 2025 revenue fell 2.8%, CEO hasn't met potential buyers
Armani Group 2025 Financial Performance and Ownership Updates
Revenue and Turnover Overview
ROME, April 29 (Reuters) - Italian fashion group Armani said on Wednesday its revenue fell 2.8% at constant exchange rates last year, weighed by a weak performance of its wholesale channel.
• In 2025, the company's revenue totalled 2.2 billion euros ($2.57 billion), while total turnover, including direct licensee sales, was 4 billion euros.
Market Trends and CEO Commentary
Changing Consumer Behavior
• "We face a possible structural change in the approach to luxury and fashion by current consumers and potential, which must be taken into account," said Armani group CEO Giuseppe Marsocci in a statement.
Profitability Metrics
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3.2% year-on-year to 152.7 million euros, while operating profit increased 2% to 52.6 million euros.
2026 Outlook
• Trends in the first months of 2026 were in line with the previous year, with unfavourable currency movements weighing on performance.
Ownership and Succession Plans
Founder’s Instructions
• Giorgio Armani, the group's founder who died last September, instructed his heirs to sell an initial stake in the company to players such as L'Oreal, EssilorLuxottica and French luxury giant LVMH.
Potential Buyers and Shareholding Structure
CEO Statements on Buyer Meetings
• In an interview with Italy's Sole 24 Ore published on Wednesday, Marsocci said there was no update on the group's shareholding structure, adding that interest in the Armani group remained strong.
• "We have not started meetings with the three potential buyers, and there are no tensions among the family members," Marsocci said in a separate interview with WWD magazine.
Additional Information
($1 = 0.8547 euros)
(Reporting by Elisa Anzolin and Francesca Piscioneri, editing)
