History Of the Sneaker

Armani and his partner, architect Sergio Galeotti, founded Giorgio Armani SpA in 1975, reportedly on money from the sale of Armani's Volkswagen.[9] The company signed a license with Gruppo Finanziario Tessile (GFT) in 1978.[10] It partnered with L'Oreal on a licensing agreement for the production and distribution of fragrances, cosmetics and beauty products (1980)[11] and with Luxottica for eyewear (1988).[12] Armani also entered into a manufacturing and distribution license with Simint in 1991 when the company launched A|X Armani Exchange.[13] By 1993, the Armani name was represented by 23 licensees and two large joint ventures in Japan.[14]