Giorgio Armani could consider an Italian partner: magazine

CNA Lifestyle

Giorgio Armani could consider an Italian partner: magazine

Giorgio Armani may consider a joint venture with another Italian company, the founder of the Milanese fashion house told U.Due south. magazine Vogue, opening the door for the starting time fourth dimension to a potential business partner.

MILAN: Giorgio Armani may consider a joint venture with some other Italian company, the founder of the Milanese fashion house told U.Due south. magazine Vogue, opening the door for the first time to a potential business organization partner.

In an interview published on the faddy.com website, Armani, 86, said the COVID-19 emergency had "made usa open our eyes a bit."

Armani ruled out going the way of many other Italian luxury goods brands, including Gucci, Fendi and Bulgari, which have been bought by manufacture giants LVMH and Kering SA, saying a French buyer was not on the cards.

Yet, he said his long-held idea that the company should remain independent was no longer "and then strictly necessary."

"One could think of a liaison with an important Italian visitor," he said without elaborating, except to add that it did not take to exist a fashion company.

Vogue also quoted Armani's niece Roberta Armani, who works at the family's visitor, as saying "it could be cracking, finally, to have an important Made in Italian republic joint venture in the fashion manufacture" though she added she had no insight on her uncle's plans.

(Reporting by Valentina Za; editing by Jonathan Oatis)

Giorgio Armani could consider an Italian partner: magazine

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