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GIORGIO ARMANI
Italian fashion house Giorgio Armani could see a major shift in ownership structure after the late designer’s will instructed heirs to either gradually sell stakes in the company or pursue a stock market listing.
Giorgio Armani, the Italian designer worth $12.1 billion (Forbes) whose vision of pared-down sophistication transformed global fashion and built a multibillion-dollar empire, died on Thursday at his home in Milan. He was 91.