- Giorgio Armani, the legendary Italian fashion designer, has died at the age of 91 at his home in Milan, surrounded by family and loved ones.
- Armani founded his company in 1975 with partner Sergio Galeotti and built a global empire over the next five decades. His empire spans clothing, accessories, perfumes, cosmetics, home furnishings, restaurants, and even a basketball team.
- Armani remained the sole owner of his fashion company, which generates over €2.3 billion ($2.7 billion) in annual turnover and is valued at more than $10 billion, making him one of the world’s top 200 billionaires.
- Armani had indicated creative succession plans with Leo Dell’Orco (menswear) and his niece Silvana Armani (womenswear), and had established a foundation to prevent the division of his empire.
Italian Fashion Designer Giorgio Armani Has Died Aged 91
