05.09.2025 11:24
World-renowned fashion designer Giorgio Armani has passed away at the age of 91. With the brand he founded in 1975, Armani changed the face of fashion and became a pioneer of red carpet elegance, dressing Hollywood stars. As Armani had no children, according to the inheritance plan he prepared, the management of the company will be entrusted to family members, a close collaborator, and his foundation.
World-renowned fashion designer Giorgio Armani passed away at the age of 91. In a statement from the Armani Group, it was announced, "With infinite sadness, we announce the passing of our founder and creator Giorgio Armani." It was revealed that the famous designer had been experiencing health issues for some time, and a public ceremony would be held in Milan this week, followed by a private funeral.
A NAME THAT SHAPED FASHION
Armani changed the face of the fashion world with the brand he founded in 1975. He was known for his minimalist, simple yet elegant designs. He was one of the pioneers of red carpet fashion and the collaboration between fashion and celebrities. He was among the first designers to dress Hollywood stars; many unforgettable films such as American Gigolo, Goodfellas, and The Wolf of Wall Street featured costumes bearing his signature.
FROM FASHION GIANT TO A BILLION-DOLLAR EMPIRE
According to Forbes magazine, Armani's fortune reached 12.1 billion dollars. The Armani Group, of which he was the sole shareholder and CEO, generated 2.3 billion dollars in revenue in 2024. He expanded his fashion empire into sports, music, and hospitality. He was the owner of the Italian basketball team Olimpia Milano and also had real estate investments and luxury yachts.
HERITAGE PLAN READY
Without any children, Armani's private life was always a subject of curiosity. However, he had planned the future of his company years ago. The foundation he established in 2016 will have a say in the brand's future, with his sister Rosanna Armani, his nieces Silvana, Roberta, and Andrea, and his closest collaborator Pantaleo Dell'Orco. Armani's words, "I want the transition to be gradual and natural, not a break," also form the basis of this plan.