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Giorgio Armani could consider an Italian partner, says magazine

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Giorgio Armani could consider a joint venture with another Italian company, the founder of the Milanese fashion house told the American magazine Vogue, opening the door for the first time to a potential business partner.

In an interview posted on the website, 86-year-old Armani said the COVID-19 emergency “made us open our eyes a little.”

Armani ruled out going the way of many other Italian luxury goods brands, including Gucci, Fendi and Bulgari, which have been bought by industry giants LVMH and Kering SA, saying there is no French buyer on the cards.

However, he said his long-standing idea that the company should remain independent was no longer “as strictly necessary.”

“You could think of a link with a major Italian company,” he said without elaborating, except to add that it didn’t have to be a fashion company.

Vogue also quoted Armani’s niece, Roberta Armani, who works at the family company, saying that “it could be great, finally, to have a major Made in Italy joint venture in the fashion industry,” though she added that it doesn’t. he had an idea of ​​his uncle’s plans. .

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