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Established in 1979, [43] Armani Collezioni (known as Giorgio Armani Le Collezioni for women and Mani for men before 2000) [44] was the diffusion line of Giorgio Armani that retailed at a lower price than Giorgio Armani and the haute couture line, Armani Privé. The logo was usually displayed in black and written on a white label but often varies.
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As of 2009, Armani had a retail network of 60 Giorgio Armani boutiques, 11 Collezioni, 122 Emporio Armani, 94 A/X Armani Exchange, 1 Giorgio Armani Accessori, and 13 Armani Junior stores spread over 37 countries. As of 2017, he had an annual turnover of $1.6 billion and a personal fortune of $8.1 billion. [9]
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
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