Armani Exchange: Giorgio Armani S.p.A. is an Italian luxury fashion house founded by Giorgio Armani in 1975. The company designs, manufactures, distributes and retails haute couture, ready-to-wear, leather goods, footwear, eyewear, cosmetics, fragrances, home furnishings and other luxury goods. As of 2023, Giorgio Armani S.p.A. is the 15th most valuable brand in Italy.
Armani Exchange (A|X), a subsidiary of Giorgio Armani S.p.A., is a younger, more affordable diffusion line of the brand. A|X was launched in 1991 and is now available in over 200 stores worldwide. A|X offers a wide range of clothing, accessories, and footwear for men and women.
Who owns the company?
The company is owned by Giorgio Armani S.p.A. Giorgio Armani is the majority shareholder of the company, with a 71% stake. The remaining 29% of the company is owned by Investcorp, a private equity firm.
Major stakeholders of the company in 2024
- Giorgio Armani (71%)
- Investcorp (29%)
Other notable investors
- Exor N.V. (5%)
- Fondazione Giorgio Armani (4%)
The future of the company
Armani Exchange is a growing brand with a strong presence in the global fashion market. The company is well-positioned to continue its growth in the years to come, thanks to its strong brand name, loyal customer base, and expanding product portfolio.
In 2023, Armani Exchange announced plans to open 50 new stores worldwide in the next five years. The company is also focusing on expanding its e-commerce business.
Armani Exchange is a valuable asset for Giorgio Armani S.p.A. The brand is a major source of revenue and profits for the company. Armani Exchange is also helping to attract younger customers to the Armani brand.
WRITTEN BY COLLINS