Giorgio Armani Hasn’t Decided What to Do With His Company Yet
Last month, the Italian press speculated that he’d hand over his fashion house to “a social and cultural foundation” when he retires, but an Armani spokeswoman told WWD that Giorgio has no firm plans in place:
She said the designer will not sell to private-equity funds interested in short-term returns, nor to private investors with no understanding of fashion, but he would consider selling to a big group if a great offer were presented.
Mark my words. Stefano Pilati will be in the mix.