Giorgio Armani’s will instructs his heirs to sell the brand or pursue an IPO The will outlines a phased sale plan, prioritizing luxury giants like LVMH His foundation will retain a 30% stake to ...

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The unsealing of the fashion icon’s will shows he left nothing to chance, divvying up much of his fortune to five now billionaires and even naming potential buyers for his iconic fashion house.

Will instructs heirs to sell 15% stake within 18 months, then up to 54.9% Priority buyers include LVMH, L'Oreal, EssilorLuxottica Foundation and partner hold 70% voting rights combined Heirs should ...

Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. For half a century, Giorgio Armani fiercely protected the ...