Giorgio Armani Succession: Fashion Shows and Exhibition to Proceed as Planned
The Armani Group has announced that the Emporio Armani and Giorgio Armani fashion shows will proceed as planned to showcase the latest collections by the designer. The public opening of the exhibition at the Pinacoteca di Brera remains scheduled for Wednesday, September 24.
The commitment to the smooth execution of the fashion shows and exhibition reflects the dedication, respect, and attention to work that have always characterized Mr. Armani and his team.
The succession process following Giorgio Armani's passing on September 4 is underway, with Milanese notary Elena Terrenghi overseeing the procedure. The reading of the will is anticipated to take place between today and next Wednesday, with key individuals, including family members and trusted associates, expected to be present.
Giorgio Armani, who had no direct heirs, had prepared the bylaws for the group during his lifetime, outlining the distribution of shares and governance structure. The Armani Foundation is likely to play a central role in the control of the group, with other categories of shares allocated to heirs and associates.
The will is also expected to address the allocation of a personal estate estimated at around €10 billion, including valuable real estate properties. The Capannina, a significant location in Armani's life, holds sentimental value as it was where he met his partner, Sergio Galeotti.
Despite these developments, the upcoming fashion shows featuring Emporio Armani and Giorgio Armani, along with an exhibition celebrating the maison's 50-year history at the Pinacoteca di Brera, are confirmed to proceed as scheduled.