ROME, Sept. 12 (Xinhua) -- Italian fashion designer Giorgio Armani, who died last week at the age of 91, has set out in his will a detailed plan for the future of Giorgio Armani S.p.A., his fashion group with annual revenues of about 2.3 billion euros (2.7 billion U.S. dollars) and some 10,000 employees.
According to documents opened on Sept. 9, the Giorgio Armani Foundation, created nine years ago, now holds 100 percent of the company. The foundation must sell an initial 15 percent stake within 12 to 18 months, giving priority to global luxury groups including LVMH, EssilorLuxottica and L'Oreal, or other partners of comparable standing.
