Late Italian fashion designer Giorgio Armani's will has instructed heirs to gradually sell off his brand or seek a stock market listing, in a surprising twist.

Armani, who died on September 4 at age 91 with no children, had been fiercely defensive of the independence of his business, trusting only a few people.

This independent stance had raised questions about what would become of the business in a luxury industry dominated by heavyweight groups.

Giorgio Armani's best looks Photo shows Giorgio Armani smiles next to Russell Crowe.

Armani's name has become synonymous with the red carpet, thanks to his close relationship with the stars.

But Armani's will, reviewed by Reuters, stated that heirs should sell an initial 15 per cent stake in the Italian fashion house within 18 months.

It

See Full Page