Giorgio Armani

Operating profit at Armani Group improved 2% year on year to €52.6m (£45.6m) in 2025, in the luxury business' first full-year results since the death of founder Giorgio Armani in September.

Giorgio Armani has completed the succession process for founder Giorgio Armani and appointed a new board of directors following a shareholders meeting held today (28 November) in Milan.

Giorgio Armani has appointed Giuseppe Marsocci as its new chief executive officer as the Italian luxury house moves to implement its late founder's succession plans.

Armani representatives have approached potential buyers over a minority stake in the Italian luxury fashion retailer, according to reports.

Late designer Giorgio Armani, who passed away on 4 September aged 91, instructed heirs to gradually sell the Armani fashion brand or seek a stock market listing.

Giorgio Armani, famed Italian fashion designer and founder of luxury fashion house Armani, died today (4 September) at the age of 91.