Emporio Armani Caffe at Hamad International Airport Doha Qatar
Emporio Armani Caffe at Hamad International Airport Doha Qatar Giorgio Armani S.p.A. (pronounced [ˈdʒordʒo arˈmaːni]), commonly known as Armani, is an Italian luxury fashion house founded in Milan by Giorgio Armani which designs, manufactures, distributes and retails haute couture, ready-to-wear, leather goods, shoes, accessories, and home interiors. Armani licenses its name and branding to Luxottica for eyewear;[3] L'Oréal for fragrances and cosmetics; and Fossil for watches and jewelry. It is considered Italy's second-biggest fashion group behind Prada. Armani and his partner, architect Sergio Galeotti, founded Giorgio Armani SpA in 1975, reportedly on money from the sale of Armani's Volkswagen.[7] The company signed a license with Gruppo Finanziario Tessile (GFT) in 1978.[7] It partnered with L'Oreal on a licensing agreement for the production and distribution of fragrances, cosmetics and beauty products in 1980[8] and with Luxottica for eyewear in 1988.[9] Armani also entered into a manufacturing and distribution license with Simint in 1991 when the company launched A|X Armani Exchange.[10] By 1993, the Armani name was represented by 23 licensees and two large joint ventures in Japan.[11] By the 1990s, the company's strategy was to cancel licenses and take production in-house in a bid to exert more control over quality and distribution.[10] Manufacturing arrangements later brought back in-house include the acquisition of Antinea (1990), Simint (1996) and Intai (1998).[7][9] In 2000, after buying factories from GFT, Armani formed a joint venture with Zegna for the production and distribution of the Collezioni men's collection. Armani also increased to 85 percent its share in the joint venture in Japan with Itochu.[7] Also in the early 2000s, Armani opened five megastores designed by Massimiliano and Doriana Fuksas, starting with the opening of the Armani/Manzoni store in Milan in 2000, which carries all of the company's brands. Other such venues are in Hong Kong (Armani/Chater House, opened in 2002), Munich (Armani/Fünf Höfe, opened in 2003), Tokyo (Armani/Ginza Tower, opened in 2007) and New York City (Armani/Fifth Avenue, opened in 2009).[12] From 2003 until 2012, Safilo Group held the exclusive licence for Armani-branded eyewear before losing it again to Luxottica.[13][14][15] Beginning in 2007, the company teamed up with Samsung to develop a line of high-end electronic goods.[16][17][18] In 2007, Giorgio Armani confirmed to Reuters that he had been approached by Beiersdorf in 2005 about a potential merger but had since been too distracted by other projects to pursue that option.[19] In 2016, he confirmed he had established the Giorgio Armani Foundation[20] which, while aiming to fund social projects, is also to “safeguard the governance assets of the Armani Group and ensure that these assets are kept stable over time."[21][22] By 2017, the company was seen as a prime candidate for a stock market listing.[23] In 2021, Giorgio Armani ruled out merging with either LVMH and Kering.[24] In 2021, luxury yacht maker The Italian Sea Group announced that Giorgio Armani SpA would invest in the company's IPO at the Italian Bourse.[25]=//1000$ YoutubeRevenue/Ranger(1000$)*(Views)/(1000$)
