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Armani may sell 15% stake to different partners, says CEO - What Giorgio Armani's will said about fashion house's future

Armani may sell 15% stake to different partners, says CEO - What Giorgio Armani's will said about fashion house's future

·Excerpt
Armani may sell 15% stake to different partners, says CEO - What Giorgio Armani's will said about fashion house's future
Image: Armani is set to sell an initial 15% stake in the luxury fashion house within 18 months of founder Giorgio Armani’s death | AI-generated image for representational purposes only

Milan-headquartered luxury fashion group Giorgio Armani is likely to sell its first 15 per cent stake in the company to more than one partner, according to Giuseppe Marsocci, chief executive officer (CEO) of the luxury fashion house.Marsocci made these remarks on the sidelines of the Giorgio Armani fashion show, telling reporters, “It is not written in stone that it has to be one investor,” adding that no decision has been made so far. Marsocci, who became CEO last October, said…

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