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Giorgio Armani’s Unexpected Succession Plan: Fashion Empire set for Sale or IPO
Milan, Italy – The fashion world is reeling from the details of Giorgio Armani’s will, revealed following the death of the iconic designer on September 4th at the age of 91. Known affectionately as “King Giorgio,” Armani,who built a $5.9 – $14 billion empire over five decades, has directed his heirs to consider selling the fashion house he fiercely protected throughout his lifetime – a move that sharply contrasts with his long-held principles.
Armani, who founded the company with Sergio Galeotti in the 1970s
