Giorgio Armani names Giuseppe Marsocci as new CEO

Core Insights - Italian luxury fashion house Giorgio Armani has appointed Giuseppe Marsocci as the new CEO following the death of founder Giorgio Armani in September 2025 [1][2] - Marsocci will lead the company's transition in line with the founder's succession plan, which includes a planned sale of an initial 15% stake within the next 18 months [2] - Silvana Armani, the niece of the founder, has been appointed as vice-president [2] Company Background - Giorgio Armani was established in Milan, Italy, in 1975, with Giorgio Armani serving as both chairman and CEO until his passing [1] - Marsocci has over three decades of experience in the fashion and luxury industries, including 23 years with the Armani Group [2] Leadership Experience - Since joining the company in 2003, Marsocci has held various senior roles, including commercial director of Armani Collezioni and CEO of the group's Swiss operations [3] - He served as CEO of the Giorgio Armani Corporation Americas from 2014 to 2019, spending over ten years in the US [3] - Prior to joining Armani, Marsocci worked at GFT Group, a licensee for several luxury brands [3] Regulatory Issues - In August 2025, the Italian Competition Authority fined Giorgio Armani and its unit GA Operations €3.5 million (approximately $4 million) for deceptive commercial practices related to ethical claims [4]