Giorgio Armani's Fashion Legacy: A Transition in Italian Elegance
The late designer Giorgio Armani directed his heirs to sell a 15% stake in his fashion empire. His business will outlined the division of shares among close collaborators and family, ensuring the continuation of his fashion legacy. Armani's collections will feature at Milan Fashion Week.
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The iconic Italian designer Giorgio Armani, known for his unparalleled contributions to fashion, has posthumously instructed his heirs to sell a minority stake in his empire. The 91-year-old designer's last will provides for the sale of a 15% stake, prioritizing established conglomerates like LVMH, Essilor-Luxottica, and L'Oreal.
Armani's long-time collaborator, Leo Dell'Orco, received 40% control of his business empire, while niece Silvana Armani and nephew Andrea Camerana were each granted 15%. The Armani Foundation, established in 2016, retains a 30% controlling share, ensuring a seamless succession plan for the renowned fashion house.
As Armani left a unique mark on Italian fashion, his instructions emphasize maintaining his fashion house's essence. The final collections he designed will feature in the upcoming Milan Fashion Week, marking both the end of an era and the enduring legacy of the Armani brand.
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