The Armani Group reported a 3 per cent growth for 2003, with net profits topping 114 million euro. This is an increase of 14 per cent compared with 2002. The results, as stated by chairman and CEO Giorgio Armani, confirm the dominant position of the Armani Group in the fashion industry in terms of economical and financial performance.

The biggest growth markets for the Group are China at 17 per cent and the US at 15 per cent. The Autumn/Winter 04 portfolio has seen a rise of between 5 and 15 per cent for all five brands at the Group.