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Topline For half a century, Giorgio Armani fiercely protected the independence of his company, yet following his passing, his will outlines a plan for gradually selling a stake in the Giorgio Armani Group or filing an IPO if a suitable buyer isn’t found, according to Reuters. TOPSHOT – Italian designer Giorgio Armani acknowledges the applause at the end of his presentation for Armani Prive during the Women’s Haute-Couture Spring/Summer 2025 Fashion Week to mark its 20th anniversary, in Paris on January 28, 2025. (Photo by JULIEN DE ROSA / AFP) (Photo by JULIEN DE ROSA/AFP via Getty Images) AFP via Getty Images Key Facts Giorgio Armani left 40% control of the business to longtime collaborator and menswear leader Pantaleo Dell’Orco. The Giorgio Armani Foundation, which has the responsibility of naming a new corporate CEO, will receive 30% of shares and its holdings must never fall below that level. Family members, niece Silvana Armani, who oversees the womenswear line, and nephew Andrea Cameana, sustainability managing director, receive 15% each and sister Rosanna, who sits on the board, and niece Rosanna receive non-voting shares. The will specifies that not before one year but within 18 months, his heirs may sell up to 15% of the company, followed by the sale of a second 30% to 54.9% tranche of shares to the same buyer after three to five years Armani named preferred buyers as luxury market leader LVMH group, as well as licensing partners EssilorLuxottica and L’Oréal. Alternatively, if a suitable buyer is not found, a similar share of stock can be floated on a public stock exchange – preferably in Italy or another of the same standing – with the foundation retaining a minimum of 30.1% shares. Key Background Since establishing his namesake brand in 1975, Giorgio Armani maintained tight control of…

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Filed under: News - @ September 12, 2025 10:28 pm