Giorgio Armani's Will Guides Sale or IPO of His Fashion Empire
TL;DR Summary
Giorgio Armani's will instructs his heirs to sell a 15% stake in his fashion empire, with priority to LVMH, Essilor-Luxottica, or L’Oreal, and outlines a plan for future ownership and leadership to ensure the brand's long-term stability and growth after his death at 91.
- The late Italian fashion designer Giorgio Armani instructs heirs to sell stakes in his empire AP News
- In surprise twist, Armani's will instructs heirs to gradually sell fashion brand or seek listing Reuters
- Armani Will Directs Sale of Italian Luxury House to Larger Group Bloomberg.com
- Giorgio Armani’s Dual Wills Chart Path for Potential Stake Sale, IPO WWD
- Giorgio Armani, who dressed the powerful and famous from boardroom to Hollywood, dies at 91 AP News
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