Giorgio Armani left clear instructions for his heirs

• Giorgio Armani's will instructs his heirs to either gradually sell his fashion brand or pursue a stock market listing.
• The will specifies an initial 15 per cent stake sale within 18 months, followed by a further 30 to 54.9 per cent stake transfer within three to five years.
• Priority for acquisition should be given to luxury giants such as LVMH, L'Oreal, EssilorLuxottica, or an equivalent group.
• This directive marks a significant shift from Armani's long-standing commitment to maintaining the independence and private ownership of his company.
• With no children to inherit, the will grants the Fondazione Giorgio Armani and his life partner, Pantaleo Dell'Orco, 70 per cent of the group's voting rights.

IN FULL

Giorgio Armani’s will outlines two options for future of fashion brand