Samsung Electronics said it agreed Sunday to develop new premium electronic products with Italian luxury goods designer Giorgio Armani. Under the business tie-up the two firms would jointly develop mobile phones, flat-screen televisions and other electronic products, it said in a statement. The "Giorgio Armani-Samsung luxury mobile," the first of the jointly-developed products, will be unveiled during a Giorgio Armani fashion show in Milan, Italy, on Monday, it said. An "Armani/Casa-Samsung luxury LCD television" under joint development was also ready to be unveiled in January 2008, it added.