Giorgio Armani's Will Sparks Sale of Fashion Empire to Heirs
Giorgio Armani's will reveals plans to sell his fashion empire, with a preference for a sale to major luxury firms like LVMH, L'Oréal, or EssilorLuxottica, or alternatively, a public listing. His heirs, including family members and his partner, will inherit stakes, with the foundation maintaining significant influence. The move marks a shift from Armani's previous stance of keeping the brand independent.