Armani confirms the shows and the exhibition during Fashion Week

The Armani group confirms the regular behavior of Emporio Armani and Giorgio Armani fashion parades, which will present the latest collections designed by the designer on the track. This was announced by the group. The public opening of the exhibition in Pinacoteca Di Brera, originally planned for Wednesday, September 24, remains unchanged.

The soft functioning of the fashion parades and the opening of the exhibition, in which Giorgio Armani worked until the end, “testifies the company's commitment to continue under the sign of dedication, respect and attention to work, qualities that have always distinguished Mr. Armani and that he himself taught all his collaborators over the years.”

Meanwhile, anticipation is growing per hour for the designer's will. The moment is not yet defined, but according to the available information, the window to read the last one extends from today until next Wednesday: any day could be the day.

Procedure management is the note of Milanese Elena Terrenghi, in charge of initiating the succession process. A summary summary of the death certificate is required to open the succession, a document that generally takes up to 15 days to issue, but the deadline could be shortened given the importance of the case and interest involved.

Giorgio Armani, who died on September 4 at the age of 91, had no children or spouse, and in the absence of legitimate heirs “necessary” according to Italian law, he could get rid of his assets independently. During his life, the designer had already prepared and insured statutes for the group, divided into six categories of shares, with a central role confident to the Armani Foundation.

The people called by the notary for reading the will, except any surprise, will be his sister Rosanna Armani; his nieces Silvana and Roberta Armani, daughters of his late brother Sergio; and Andrea Camerana, the son of Rosanna. Leo Dell'orco, Armani's life and right man is also included. The five already sit on the Board of Directors of the group, with Dell'orco designated as the coordinator of the Select Committee that will direct the company until the new corporate structure enters into force. Camerana and Armani's cousins ​​represent the family component of the Board, along with other key managers such as Yoox Federico Marchetti and Rothschild's banker, Irving Bellotti.

The statutes, updated in 2023, provide a division into six categories of actions, each with differentiated voting and governance rights, but equal economic rights. The shares (30% of the capital) and the actions F (10%) will have a decisive weight: the first are worth 1.33 votes each, the last 3. Therefore, while only 40% of the capital, the shareholders who have categories A and F will control more than 53% of the votes in the assembly and may appoint a majority of the directors of the Board of Directors, including the President and CEO.

The Armani Foundation is more likely to be the recipient of A and F actions, thus centralizing the strategic control of the group. Heirs and trust associates can receive categories B a e, who have most of the capital but not the power of decision making alone. In addition to corporate participation, the testament is also expected to regulate the allocation of an estimated personal heritage at approximately 10 billion euros, which includes valuable real estate such as an attic in New York, the historical village in Forte Dei Marmi and La Capanina, acquired by the group at the end of August, a few days before the approval of the fashion design.

The Capannina itself was one of the most beloved places for Armani, where he met the love of his life, Sergio Galeotti, who died prematurely at age 40 in 1985. Meanwhile, the fashionable parades scheduled for fashion week in two weeks are confirmed, with Emporio Armani and Giorgio Armani, as well as an exhibition dedicated to the 50 -year history of the 50 years of the Maison Pinacoteca