Giorgio Armani Plans Retirement Within Three Years

The 90-year-old fashion icon discusses stepping down and the future of his brand amid industry speculation.

Giorgio Armani, aged 90, has announced plans to retire from his fashion empire within the next two to three years.
Armani has not publicly outlined a specific succession plan, though he has hinted at having a structure in place for his successors.
The fashion mogul has consistently rejected acquisition offers, emphasizing his commitment to maintaining the brand's independence.
Armani has received persistent interest from potential external investors but sees no current opportunities for such partnerships.
The company recently faced legal challenges, with an Italian court placing a subsidiary under temporary administration over labor concerns.