Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

Armani’s Surprise Will, Explained

The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.
Giorgio Armani and models at the Women's Spring/Summer 2019 show.
Giorgio Armani and models at the Women's Spring/Summer 2019 show. (Getty Images)

MILAN

Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.

Further Reading

Giorgio Armani’s Multi-Dimensional Legacy

Herald of soft masculinity, outfitter of the working women’s revolution, the designer who dressed New Hollywood… Armani made a titanic impact on fashion and society, writes Angelo Flaccavento.

About the authors
Eric Sylvers
Eric Sylvers

Eric Sylvers is Milan Correspondent at The Business of Fashion. He is based in Milan and leads BoF’s coverage of all things Italian.

Robert Williams
Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

In This Article

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Hermès ‘Game’ Leaves a Bad Taste

In this week’s High Margin luxury newsletter: A softening resale market for Birkin and Kelly bags poses questions for luxury powerhouse Hermès. Plus, a run on Chanel’s stores during Paris Fashion Week.


view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.
VIEW MORE
Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON