The Italian fashion designer Giorgio Armani has announced that it gradually handed over responsibility for his brand of the same name to close family members and long -term employees: inside. Previously, due to health problems, he had missed the fashion shows in Paris and Milan at the beginning of the year.
In an interview with the Financial Times, Armani outlined his plans for the successor of the brand founded in 1975. His intention was to gradually transfer the responsibilities he supported to his closest confidants-including Leo Dell’orco, members of his family and the entire work team, said Armani in the FT-Guarding How to Spend IT last Friday.
The announcement is followed by ARMISH illness -related absence during the Menmänder men’s fashion week when he could not take part in his brand’s shows for the first time. The 91-year-old, who is both CEO and creative director of Giorgio Armani, was in the hospital for several days at the time. In his absence, Dell’orco, head of the menswear design and right hand of the designer, took over his tasks. At the beginning of July, Armani also thanked a newspaper advertisement for public support and announced: “We’ll see each other in September.”
Armani emphasized that he succeeds, the organic run and not a break. As one of the best -known names in the industry, he is the sole owner and holds 99.9 percent of the shares in the fashion company, which he founded together with his late partner Sergio Galeotti. The remaining 0.01 percent are owned by the Giorgio Armani Foundation founded in 2016, which monitors the management.
The Armani Group, which includes the brands Giorgio Armani, Emporio Armani and A | Armani Exchange, generated sales of $ 2.37 billion ($ 2.19 billion) in 2024.
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