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.
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34 Articles
34 Articles
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.
·Romania
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That they are not only concerned with fashion: now it is necessary to understand who will manage them and how the succession will work
·Italy
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Coverage Details
Total News Sources34
Leaning Left4Leaning Right5Center11Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 20%
C 55%
R 25%
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