On May 25, Armani Group announced that, driven by sales in Europe and the United States, its revenue in fiscal year 2022 increased by 16.5% to 2.35 billion euros, and its operating profit increased by 30% to 202.5 million euros. During the reporting period, the performance of Asian markets declined due to Covid-19 restrictions.
However, sales rose 18% in the first quarter of fiscal 2023, driven by a 14% rise in sales following a recovery in Asia and modest growth in the U.S., which is a sign of the Asian market’s evident potential in FY2023.
At the same time, in the first fisca …
