Giorgio Armani's will calls for sale of fashion empire
Giorgio Armani's will requests that his fashion empire be sold or listed on the stock market.Armani, who died last week aged 91, instructed his heirs to sell the Italian fashion house to either Bernard Arnault's LVMH, beauty firm L'Oreal or eyewear company EssilorLuxottica – owner of Ray-Ban. Anault last night said: 'LVMH would be committed to further strengthening [Armani's] presence and leadership around the world.' In good company: Giorgio Armani (pictured with Hollywood's Julia Roberts) was the brand's sole shareholderArmani was the brand's sole shareholder.If a sale falls through, however, the company must be listed – but the Giorgio Armani Foundation will retain 30 per cent of voting rights.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthInvestEngineInvestEngineAccount and trading fee-free ETF investingTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
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Giorgio Armani's will calls for sale of fashion empire
