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Giorgio Armani’s will shocked the fashion world — here’s why your final wishes should never be a surprise
Yahoo Finance· 2025-09-30 14:30
Core Insights - Iconic Italian fashion designer Giorgio Armani maintained tight control over his brand for 50 years and never took the company public, remaining the sole major shareholder until his death at age 91 [1] - Armani's will includes stipulations that require his heirs to either sell their stakes in the company or seek to list it on the stock market, which surprised the fashion industry [2][4] Company Ownership and Succession - Pantaleo Dell'Orco, Armani's life partner, will retain a 40% stake in the company as per the will [1] - Within 18 months of Armani's death, heirs must sell an initial 15% stake to a select group of luxury conglomerates, including LVMH, L'Oreal, or EssilorLuxottica [3] - An additional sale of 30% to 54.9% must occur within three to five years, or the heirs can opt to publicly list the company instead [4] Brand Preservation - A foundation established to uphold the brand's founding principles will retain a 30% stake in the company, regardless of any sale or public listing [5]
Lanvin Group(LANV) - Prospectus
2023-01-06 21:36
Table of Contents As filed with the Securities and Exchange Commission on January 6, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Lanvin Group Holdings Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 2300 Not Applicable (Primary Standard ...