The will proposes that priority should be given to luxury giant LVMH, beauty heavyweight L'Oreal, eyewear leader EssilorLuxottica or another group of "equal standing" identified by a foundation the designer set up to preserve his legacy.

After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his heirs on Friday to sell an initial 15% minority stake in his fashion empire.

Giorgio Armani, who has passed away aged 91, directed an empire that generated €2.3 billion in 2024 and never sold any part of his company to an outsider. We take a closer look. Meanwhile, Donald Trump's…