MILAN (Reuters) - Italy's Armani Group on Wednesday expressed confidence in "a positive solution" after the country's competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship.

The antitrust authority's investigation follows a probe by Milan prosecutors into suppliers of the Armani Group which are accused of having exploited workers to produce handbags for the fashion brand.

"The companies involved are fully committed to co-operate with the authorities, believe that the allegations have no merit and are confident of a positive result following the investigation," the group said in a statement.

(Reporting by Elisa Anzolin; Writing by Valentina Za; Editing by Alvise Armellini)