Giorgio Armani SpA, the parent company of the Giorgio Armani Group, more than doubled its profit to approximately €67 million ($76 million) in 2025, according to newly released company filings. The results mark the first annual financial report published since the passing of founder Giorgio Armani in September last year.
Around half of the company’s profit was distributed to shareholders as dividends, reflecting a stronger bottom line despite a challenging year for revenue.
The filing also revealed that Giorgio Armani SpA has formally appealed a €3.5 million fine imposed by Italy’s antitrust authority. The penalty followed an investigation into alleged unfair commercial practices after one of the group’s subsidiaries was placed under judicial administration over reported labour abuses within its supply chain.
In its appeal before a regional administrative court, the company stated that it acted “with the utmost fairness and transparency towards consumers, the market and stakeholders,” and is seeking to have the fine overturned.
The filing further reinforces the long-term governance structure established by Giorgio Armani before his death. It reiterates that the Giorgio Armani Foundation will continue to play a central strategic role within the business and, in accordance with the founder’s wishes, its ownership stake can never fall below 30.1 percent of the company’s share capital.
However, the shareholder meeting documents offered no new details regarding the possible sale of a 15 percent stake in the company. Giorgio Armani had reportedly expressed a wish that such a stake could be sold, beginning one year after his death, to a strategic industry partner such as EssilorLuxottica, L’Oréal, LVMH, or another comparable luxury player.
Despite softer sales, the company continues to invest in its hospitality business. A third Armani Hotel is scheduled to open in 2027 at Diriyah Gate in Riyadh, expanding the luxury hospitality portfolio beyond its existing locations in Dubai and Milan.
Previously disclosed financial figures also showed that the group’s revenue declined 2.8 percent at constant exchange rates during 2025, largely due to weaker performance across its wholesale business. Even so, improved profitability suggests the company successfully strengthened its margins while continuing to position itself for long-term growth.
