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Giorgio Armani Fashions His Own Legacy With Succession Plan

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Giorgio Armani has always kept a tight grip on the firm he founded, and the Italian fashion king’s attention to detail extends to clear rules on how it should be run after his death.

Armani, 89, remains CEO and effectively sole shareholder of the business he set up with his late partner in the 1970s, which had a €2.35 billion ($2.5 billion) turnover last year.

With no children to pass it on to, there has been speculation about the long-term future of Armani’s empire and whether, in an…

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