
In July The Armani Group released its financial results for 2009,
and although the combined revenues dropped six percent from the previous year,
Armani's performance in China is up 32 percent from 2008 from the 66 stores in
China, in Hong Kong, Shanghai, Beijing, Hangzhou, Macau, and several other
cities (5 more opening soon).
The Chinese love Armani, year after year..
The Huran report 2010 Best of the Best Awards, Giorgio Armani wins the best fashion brand for the sixth year in a row followed by Boss and Versace. Armani is also the favorite accessory brand with Hermes.
In China,
sales of luxury goods are expected to reach $14.6bn by 2014, according to Bain,
the consultancy and in a country where it is said that 55 people become millionaires everyday, more brands should be looking at this untapped gem of China for distribution.





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Beijing, China -- China Fashion Week 2009 FIRS banquet dinner was a successful meeting of dignitaries, celebrities, and the fashion council. The event was created to promote solidarity between China and the world, especially with the foreign community in Beijing, under current challenging economic circumstances. The evening was hosted by famous MC, Yang Lan, and broadcast on CCT2. The banquet was held in the Kerry Center where the China Fashion Week, and Textile Councils spoke about the transformation of the China fashion industry from manufacturer to brand builder. The event showcased an extravagant dinner, cultural fashion show where dignitaries and celebrities wore local Chinese fashion designers and traditional costumes, a runway fashion show with China's top models, kung fu performance, and a lotus flower dance performance to traditional Chinese music.