Estate Distribution - Fashion icon's will meticulously divided fortune among five billionaires [1] - The will even named potential buyers for the iconic fashion house [1]

From Diane Keaton to Bill Clinton, stars on and off the red carpet took up his style by the limousine-load. No designer had ever courted Hollywood so well. To Giorgio Armani, life was cinema, and his clothes were the costumes. Read our obituary https://t.co/qNCw84xBrq ...

RT Giacomo Tognini (@giacomotognini)Giorgio Armani’s will was unsealed on Thursday, a week after the iconic fashion designer’s death at the age of 91 on September 4. Here's how he divided up his $9.6 billion fortune among five heirs--all of whom are now billionaires.Read here @Forbes:https://t.co/QefloagTEH ...

Giorgio Armani’s clear blue eyes noticed everything—including that a colleague’s tie, 1.5cm too long, spoiled the balance of his outfit. Our obituary of the Italian designer who was the arbiter of every detail of his life https://t.co/elxt2LLoUH ...

Core Insights - Capri Sun has evolved from a beverage brand to a cultural icon, with fans creatively repurposing its packaging into fashion items since the early 2000s [1] - The brand has partnered with renowned American fashion designer Christian Siriano to celebrate this trend and further enhance its status in the fashion industry [1] Brand Evolution - The transformation of Capri Sun's iconic silver pouch into a fashion statement has been driven by user-generated content on platforms like YouTube and TikTok [1] - This trend has engaged multiple generations of fans, turning them into at-home designers and reinforcing the pouch's status as a style statement [1] Collaboration - The collaboration with Christian Siriano marks a significant step for Capri Sun in merging beverage branding with high fashion [1] - This partnership aims to celebrate and elevate the creativity of Capri Sun enthusiasts while tapping into the fashion market [1]

Group 1: Investment Overview - The Ruffini family, through their holding company Ou(r) Group, has acquired a 14.7% minority stake in La Bottega FounderCo, which operates in the luxury hotel supplies sector [1] - La Bottega specializes in providing fragrances, toiletry products, and bespoke amenities to hotels globally, featuring brands like Culti, Ortigia, Etro, and Diptyque [2][3] Group 2: Company Structure - La Bottega FounderCo is primarily owned by the Pacini family with a 50.4% stake, while Three Hills Capital Partners holds 49.6% [3] - Ou(r) Group is one of two holding companies of the Ruffini family, which also includes Ruffini Partecipazioni Holding, known for its 15.8% stake in Moncler [4] Group 3: Strategic Intent - The investment in La Bottega aligns with Ou(r) Group's strategy to enhance its presence in high-end hospitality markets, focusing on authenticity, innovation, and experientialism [5] - La Bottega's CEO emphasized the strategic alliance's goal to solidify the company's international role in luxury hospitality and explore new opportunities [6] Group 4: Industry Context - The fashion industry is increasingly engaging with the hospitality sector to elevate its prestige through partnerships and creative initiatives [7]

Core Insights - Giorgio Armani's will instructs heirs to gradually sell his fashion empire, surprising the industry [1] - The Giorgio Armani Foundation will hold a 10% direct stake in the company, providing it with 30% of voting rights [1] - The new ownership structure will see Pantaleo Dell'Orco as the largest shareholder with 40% voting rights [2] Ownership Structure - The remaining shares will be distributed among family members and Dell'Orco, with specific voting rights assigned [2][3] - After the sale of 15% of the company, Dell'Orco will retain 40% voting rights despite a reduced capital stake [5] Sale Instructions - The foundation is instructed to sell 15% of the fashion house within 18 months, prioritizing LVMH, L'Oreal, and EssilorLuxottica as potential buyers [4] - The buyer of the 15% stake will gain 15% of voting rights and the ability to appoint a board member [5] Post-Sale Ownership - Following the sale, the foundation's voting rights will decrease, but it will maintain veto power over major decisions [5] - The revised ownership structure post-sale will see Dell'Orco with 20% capital and 40% voting rights, while family members will have varying capital and voting rights [6]

Shares of Nasdaq-listed fashion company Mogu soared on Thursday after the company announced it was buying digital coins Bitcoin, Ethereum, and Solana with its spare cash. https://t.co/pinwqx3dmJ ...

Core Insights - Kering and Mayhoola have amended their shareholders' agreement regarding Kering's acquisition of a 30% stake in Valentino, maintaining the current ownership structure until at least 2028 [1][2] - The exercise dates for Mayhoola's put options on Kering for the remaining 70% stake in Valentino have been postponed to 2028 and 2029, while Kering's call option has also been deferred to 2029 [2] - Kering reported a revenue of €17.2 billion in 2024 and has a significant debt of €9.5 billion, which is a priority for new CEO Luca de Meo [3][5] Company Overview - Kering is a global luxury group with a portfolio that includes brands like Gucci, Saint Laurent, and Bottega Veneta, employing 47,000 people [3] - Mayhoola is a Qatari investment company focused on the luxury sector, owning brands such as Valentino and Balmain, and operates luxury department stores in Turkey [4] Financial Performance - Valentino's revenue in 2024 decreased by 2% to €1.3 billion, with earnings before interest, taxation, depreciation, and amortisation dropping 22% to €246 million [5]

Kering is getting more time to exercise an option to buy the rest of fashion house Valentino, as the French group focuses on reducing its debt levels https://t.co/9DjzTyvAMC ...