Armani's will: Fashion empire to be sold or go public in the next years
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Euronews.com
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Giorgio Armani's will instructs his heirs to sell a 15% stake in his fashion empire within 18 months, targeting major companies like LVMH and L'Oréal. An additional 30% to 54.9% stake is to be sold later, or the company should go public if the sale fails. Control of 40% goes to Pantaleo Dell'Orco, with family members receiving shares. Armani's estate is valued between €11 and €13 billion, including properties and his fashion company. He emphasized ethical management and a modern, elegant style for the brand. Teljes cikk (Euronews.com)