The Italian government cannot intervene in a future sale of a stake in the luxury fashion house Armani using its “golden powers,” even if a deal involved a foreign company, Italy’s industry minister told Reuters.

“Armani doesn’t fall within the scope of national security,” Adolfo Urso said on the sidelines of an event late on Tuesday when asked whether Rome could apply such measures. The so-called golden powers enable Italy’s government to block or impose conditions on foreign and domestic corporate acquisitions in strategic sectors, such as energy, telecommunications, and banking.

Urso noted that the late Giorgio Armani ’s plans for the company he led for 50 years were clear and outlined in his will, indicating that current regulations do not allow government intervention.

In his wil

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