Giorgio Armani Left a Shock Twist for His Heirs in His Will

The late Giorgio Armani’s will has instructed his heirs to gradually sell their shares of his eponymous fashion empire, marking a stunning reversal for the famously independent label. The designer, who died on Sept. 4 aged 91, has no children and left no direct heirs. A directive in his will has since stipulated that his successors must sell an initial 15 percent stake of their shares within 18 months, followed by a further 30-55 percent to the same buyer within three to five years. In a surprising directive, the will also names luxury titans LVMH, L’Oreal, and EssilorLuxottica as high-priority potential buyers, marking a stark contrast to Armani’s lifelong refusal to cede control of his empire and its Italian roots. It is not yet clear what would happen if any of the designated successors