US EditionAfter Armani: what becomes of the fashion empire he built?
Giorgio Armani's $9 billion fashion group will be overseen by the Giorgio Armani Foundation and family members, ensuring independence and continuity after his death at 91.
- Giorgio Armani, the founder of the fashion brand, died at 91, prompting questions about the future of the company he built and cherished.
- The Armani group generated €2.3bn in revenue in 2024 but saw profit declines amid an industry recession.
- Experts believe the company remains attractive, with a unique fashion vision, despite the slowdown in the luxury market.
- Candidates like Giuseppe Marsocci and Daniele Ballestrazzi are considered to fill the leadership roles left by Giorgio Armani.
34 Articles
34 Articles
Giorgio Armani Dies at 91: What We Know About His Cause of Death
Credit: The Mega Agency Giorgio Armani, the man who helped revitalize red carpet fashion, has died at 91. The Armani Group confirmed the designer’s passing on Sept. 4. Born on July 11, 1934, in Piacenza, Italy, Armani’s life started far from the glamour he would eventually create. According to Vogue, his original path wasn’t even fashion — he studied medicine at the University of Milan before dropping out to pursue design. Armani found work as …
The death of Italian designer Giorgio Armani has lost a gambling game about whom you will have to estimate at $12.1 billion if his empire will collapse and if "King Giorgio" has ensured a success, The Times writes.
That they are not only concerned with fashion: now it is necessary to understand who will manage them and how the succession will work
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