Giorgio Armani Announces Retirement Plans Amid Succession Speculations

Renowned fashion designer Giorgio Armani plans to retire in two to three years. The 90-year-old has kept succession plans discreet but acknowledges interest from investors. He hints at a structured succession plan to secure the future of his brand, with potential heirs outlined.

In a recent interview, Giorgio Armani, the esteemed fashion designer and founder of the iconic Italian brand, declared his intentions to retire within the next two to three years. At 90, Armani has long kept succession plans under wraps.

Despite increasing interest from potential investors, Armani remains committed to maintaining control over his brand. He dreams of a future where he no longer has to make every executive decision, but expresses hesitancy towards relinquishing leadership.

The question of who will inherit Armani's legacy is looming. While he has devised a structured plan, details remain scant. Speculation surrounds the role of family members, a long-time collaborator, and a foundation in continuing Armani's vision.

(With inputs from agencies.)