Milan (AP) – After spurring a lifelong life, becoming a business suitor, the late Italian designer Giorgio Armani He instructed his heirs to sell a 15% minority stake in his vast fashion empire, prioritizing French conglomerate LVMH, eyewear giant essayer Laxottica, or cosmetics company L’Oreal.
Armani controlled 40% of his business empire, a longtime collaborator, head of menswear Leo Delcorco, another 15% to womenswear directors nie Silvana Armani and nephew Andrea Camerana, another 15%.
The Armani Foundation, which was established as a successor vehicle in 2016, will manage the remaining 30%.
Armani, one of the most famous names and faces in Italian, He passed away on September 4th At age 91, two wills for his business empire and private property were deposited with Italian tax authorities on Thursday and widely reported by Italian media on Friday. The Armani Group declined to comment.
Both were rewritten by Armani last spring. Some were handwritten on the back of the sepia envelope.
Armani remains unusual in the Italian way and is now part of the Kering group, maintaining strict control of his fashion empire and is a Fiat-based heir to the Agneri family.
However, in his business will, he said that the Armani Foundation should sell 15% stake a year ago.
His Nie Roberta has long served as a liaison between Armani and his red carpet client and his sister Rosanna.
Armani maintained a 2.5% stake in the French Italian glasses giant worth 2.5 billion euros ($2.93 billion), of which 40% was sent to Del Corco and other families.
The last Emporio Armani and Giorgio Armani Armani designed collection It will be announced later this month during Milan Fashion Week on September 23rd. A special exhibition at Pinacotecadi Brera celebrates the 50th anniversary of the Signature Fashion House.
At his will, Armani specified that future collections should be guided by “essential, modern, elegant and understated designs, paying attention to detail and wearability.”
