Armani's Shocking Will: Selling the Empire?
Update: 2025-09-12
Description
Giorgio Armani's death at 91 revealed a surprising succession plan: a gradual sell-off of his empire, not a family dynasty. The Giorgio Armani Foundation, holding 30% of voting rights, will steer the company while heirs like Pantaleo Dell’Orco receive shares but limited control. Armani's will mandates selling 15% to luxury giants like LVMH within 18 months, followed by further sales or an IPO within 3-5 years, ensuring the Foundation maintains influence and Armani's vision endures.
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