Italian fashion group Giorgio Armani reported slower revenue growth of 4.5 percent at current exchange rates for 2015 and said its core profit had remained broadly unchanged.
Revenue totalled 2.65 billion euros ($3 billion), placing Armani just behind Italy's biggest fashion group Prada which had sales of 3.55 billion euros last year. Last year's sales increase compares with a 16 percent rise Armani reported for 2014, showing the brand is not immune from the sector slowdown driven by China's economic deceleration, security threats hurting tourism and emerging countries' woes.