Giorgio Armani's Heirs Prepare to Sell 15% of Fashion Empire
TL;DR Summary
Giorgio Armani's will reveals the distribution of his $9.6 billion fortune, including plans to sell a significant stake in his fashion company within five years, with key heirs and advisors inheriting major stakes, and potential buyers like LVMH, L'Oréal, and EssilorLuxottica being considered for future sales or public listing.
- Meet Giorgio Armani’s Billionaire Heirs Forbes
- In surprise twist, Armani's will sets stage for sale of fashion empire Reuters
- Armani Has Gifted Arnault a Luxury Prize Bloomberg.com
- The late Italian fashion designer Giorgio Armani instructs heirs to sell 15% of his empire ABC News
- Giorgio Armani’s Red Carpet Secret? Her Name Was Wanda. The New York Times
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