×
27
Fashion Jobs
LEVI'S
Marketing Manager
Permanent · Singapore
GR INTERNATIONAL
e Commerce Executive
Permanent · NEW DELHI
L'OREAL GROUP
na&Sapmena IT Security Grc Manager
Permanent · Singapore
L'OREAL GROUP
Business Development Manager - l'Oreal International Distribution (Lid)
Permanent · Singapore
LEVI'S
Inventory Management Lead, Asia
Permanent · Singapore
LEVI'S
Merchandising Operations Specialist
Permanent · Singapore
LEVI'S
Specialist, Brand Analytics & Tools
Permanent · Singapore
L'OREAL GROUP
Head of Crisis Management Director
Permanent · Singapore
L'OREAL GROUP
Market Insight Apprentice (Sapmena)
Permanent · Singapore
L'OREAL GROUP
Digital & E-Commerce Apprentice (Sapmena)
Permanent · Singapore
LEVI'S
Manager, Global Strategic Sourcing
Permanent · Singapore
LEVI'S
Stylist/ Senior Stylist
Permanent · Singapore
LEVI'S
Head of Diversity, Equity & Inclusion (Ama)
Permanent · Singapore
L'OREAL GROUP
Regional Talent Acquisition & Employer Branding Apprentice
Permanent · Singapore
L'OREAL GROUP
2h2021 - Online Brand Management Intern
Internship · Singapore
L'OREAL GROUP
Data &Analytics Technology Manager
Permanent · Singapore
L'OREAL GROUP
Operations Apprentice
Permanent · Singapore
L'OREAL GROUP
Payment Service Provider Manager - South Apac, Middle East & Africa
Permanent · Singapore
LULULEMON
Key Leader | Marina Bay Sands
Permanent · Singapore
LULULEMON
Key Leader | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Duxton Road
Permanent · Singapore
Translated by
Robin Driver
Published
Apr 7, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Giorgio Armani suggests brand may be ready for partner

Translated by
Robin Driver
Published
Apr 7, 2021

Now more than ever, the Italian luxury market has become a focus for intense speculation. With Dolce & Gabbana denying rumors of a possible tie-up with Kering, while also declaring that they are open to "a broader Italian project," Giorgio Armani has now said that, for the first time, he is considering a potential partnership between his company and an investor. 


Giorgio Armani - DR


The news is all the more surprising given that the 86-year-old designer has always said that his brand would remain independent. In an interview with Vogue, the couturier said that this principle of independence "is not so strictly necessary" and that "one could think of a liaison with an important Italian company," not necessarily from the fashion sector. 

Without providing further details, Armani did highlight that "a French buyer is not in the cards," meaning that LVMH and Kering are not being considered. With this in mind, all eyes are on Exor, the holding company owned by the Agnelli family, which recently acquired a 24% stake in iconic footwear brand Christian Louboutin. At the end of 2020, the company also bought Shang Xia, the Chinese luxury group created in 2010 through a partnership between designer Jiang Qiong Er and Hermès.

Besides being an Italian company which is not directly active in fashion, the group, which is the controlling shareholder of automotive manufacturers Stellantis and Ferrari, as well as of The Economist media group and Turin-based football club Juventus, appears to have the requisite structure for taking on an operation of this size. In 2019, the Giorgio Armani group achieved revenues of 2.16 billion euros.

In order to prepare for his succession, Armani created a foundation in his name in 2016. As he explained in an interview with Corriere della Sera at the end of 2017, he hoped to transfer some of the shares in the holding company that controls his group to the foundation, so as to avoid the risk of a takeover or dismantlement. His plan, as he confirmed to Vogue, was to "pass down much of the business to his family." 

Although he has no children, Armani does have two nieces, Roberta and Silvana Armani, who both work at his company. His nephew, Andrea Camerana, who is also a member of the Agnelli family, was seen as the designer's heir for a time, but left the company in 2014. On top of this, there is Armani's long-time assistant Pantaleo Dell'Orco. The king of fashion has always designated these options as his potential successors. However, as he told Vogue, what's still missing is his direct replacement: "someone who says yes or no. There's still no boss."

Copyright © 2021 FashionNetwork.com All rights reserved.