Giorgio Armani's Will Calls for Sale or IPO of His Fashion Empire
Giorgio Armani's heirs are instructed by his will to sell a majority stake in his namesake fashion brand, initially 15% within 18 months, likely to a French buyer such as LVMH, with subsequent divestments leading to a final sale of 54.9%, or a public offering if no buyer is found, amidst challenges in brand growth and shifting consumer preferences.
