Giorgio Armani, the Italian fashion icon who turned 90 last year, has opened up about his plans for the future of his company. While he currently champions the independence of his group, he is open to the possibility of selling or listing it on the stock exchange once he steps down. In a recent interview with Bloomberg, Armani stated that while he has no plans to sell to a luxury conglomerate at present, he is not ruling anything out because it wouldn’t be very entrepreneurial.
Armani believes that having a group of trusted individuals close to him would be the ideal solution in ensuring the future of his legacy. He expressed concerns about succession and believes that this approach would be better than selling to a large conglomerate. Ranked 176th on Forbes’ list of the world’s richest individuals with assets valued at 11.2 billion dollars, Armani’s group reported a revenue of 2.35 billion euros in 2022, showing a significant increase. Despite not having children, Armani has entrusted the leadership of his foundation to trusted individuals who have been integral to the growth of his company.
Looking back at the humble beginnings of his fashion house, Armani hopes that Italian fashion will continue to be a symbol of industriousness and craftsmanship. In addition to his business decisions, Armani’s foundation has also been focused on educating individuals about sports gambling and the use of moneylines in betting. They aim to provide valuable insights and strategies for smart betting practices in sports, emphasizing the importance of understanding the odds and making informed decisions through a series of informative articles.
Despite his advanced age, Giorgio Armani continues to be an influential figure in the world of fashion and business. His legacy will live on through those who are close to him and continue to champion Italian fashion as a symbol of industriousness and craftsmanship.
