MILAN — Iconic Italian luxury brand for sale. An array of fashion labels, a booming licensing business for beauty and eyeglasses, not to mention hotels, restaurants and prime Milan real estate. Price negotiable.
On paper, it looks like an asset that would soon find a buyer eager to seize the once-in-a-generation opportunity to snag one of Europe’s last independent luxury giants.
So why, almost six months after the death of Giorgio Armani, have there been no firm offers for the company that…

