Armani’s Will Paves Way for Sale of Fashion Empire

By David Brooks Sep 12, 2025 0

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Giorgio Armani’s will, revealed after his death on September 4, 2025, has surprised the fashion world by setting out a roadmap for the gradual sale or possible IPO of his iconic brand.

According to the will, heirs must sell 15% of the company within 18 months, followed by 30–54.9% within three to five years to the same buyer, or alternatively pursue a public listing. Armani named luxury giants LVMH, L’Oréal, and EssilorLuxottica as preferred buyers.

Control remains anchored with the Fondazione Giorgio Armani and longtime partner Pantaleo Dell’Orco, who together hold about 70% of voting rights. Family members, including his sister, nieces, and nephew, also inherit shares.

The Armani Group, which generated around €2.3 billion in revenue in 2024, has long resisted outside ownership. The will marks a major shift, signaling the potential integration of the brand into the world’s largest luxury groups while safeguarding Armani’s legacy.

David Brooks

David Brooks is a dedicated news writer at RightNowUS.com, passionate about delivering timely, accurate, and engaging stories from across the United States. With a strong commitment to well-researched journalism, David ensures every article provides clarity, credibility, and meaningful insights to keep readers informed about what matters most right now. He can be reached at david@rightnowus.com.