Giorgio Armani announces retirement – the future of the fashion brand remains exciting

Giorgio Armani, the legendary founder of the eponymous Italian fashion brand, had always discreetly kept silent about his future plans. Now, at the age of 90, he is expressing concrete ideas about his withdrawal for the first time. In an interview with the Italian newspaper Corriere della Sera, the fashion designer reveals that he plans to step back from the company's leadership within the next two to three years. Interestingly, Armani describes that he still currently sees the ability to effectively utilize both years as the head of the company. However, he also emphasizes that staying longer could have negative consequences. In his nightly thoughts, he envisions a future where he no longer bears the ultimate responsibility for decisions. In terms of company succession, Armani remains vague but points to an already developed concept intended to ensure a smooth transition. Despite ongoing inquiries from potential investors, he continues to rely on independence. The future leadership of the fashion empire is expected to pass to family members, long-time partners, and a charitable foundation. In an industry dominated by major luxury corporations like LVMH and Kering, it remains to be seen whether the Armani house can maintain its independence.