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Giorgio Armani, the iconic Italian fashion designer, died at his Milan home at age 91. Known for his timeless elegance and global influence, Armani built a $10 billion empire over five decades. Tributes from celebrities and industry leaders highlight his legacy in fashion and culture. His final Milan Fashion Week appearance was in June 2025.
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Following Giorgio Armani's death on September 4, 2025, his will directs heirs to sell an initial 15% stake in the fashion empire within 18 months, followed by an additional 30% to 54.9% within five years. Priority buyers include LVMH, L'Oréal, and EssilorLuxottica, or alternatively an IPO. The Armani Foundation and longtime partner Pantaleo Dell’Orco hold majority voting control, ensuring legacy preservation.
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Giorgio Armani, the iconic fashion designer, died on September 4 at age 91. His fashion house continued working on his final collections and exhibitions, including a major anniversary show. His death was marked by public mourning in Milan, where he was a cultural and fashion landmark.
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Prada has completed its acquisition of Versace from Capri Holdings, aiming to revitalize the brand. Lorenzo Bertelli will lead as chairman, with a focus on growth and creative renewal. The deal marks a strategic move to tap into Versace’s untapped potential amid a creative relaunch.