×
202
Fashion Jobs
EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
Permanent · Noida
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
By
Reuters
Published
May 24, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Armani has $850 million, no plans to list: report

By
Reuters
Published
May 24, 2011

May 24 - Italian designer Giorgio Armani has 604 million euros ($850 million) cash and no plans for a listing or sale of his company, he said in an interview published on Tuesday.

Giorgio Armani
US actor George Clooney with his Italian girlfriend, actress Elisabetta Canalis and Giorgio Armani at his presentation of his spring-summer 2011 women's collection, in Milan, Italy, 20 September 2010 (Photo: Corbis)

Armani told Il Sole 24 Ore newspaper he would continue to invest in his own brand and company. He did not exclude possible acquisitions "but that would be a novelty given what has been done up to now," he said.

Revenues last year were up 4.6 percent to 1.59 billion euros. Earnings before interest, tax, depreciation and amortization rose 47.5 percent to 322 million euros, the newspaper said. Net profit jumped 81 percent to 161 million euros and cash was a record 604 million euros.

"I have always associated good cash liquidity with the concepts of independence and solidity," said Armani, 76.

"This way, the advantage is in being able to fix unforeseen situations or take advantage of important opportunities."

Armani's comments come as a growing number of luxury goods companies have been looking to go public. They include Italian groups Prada and Salvatore Ferragamo and outerwear maker Moncler.

(Reporting by Ian Simpson; Editing by Dan Lalor)

© Thomson Reuters 2022 All rights reserved.