Giorgio Armani will never relinquish control of his eponymous label while he is alive, the designer asserted yesterday. Talking to reporters following his show, the 81-year-old Italian designer quashed rumours of a buyout or a successor, and assured them that future plans were already in place.
"While I am alive, there will be independence," Armani told journalists after yesterday's show in Milan, the Business of Fashion reported. "Soon after, perhaps I will have prepared the ground for a type of independence that is more measured, more controlled."
Although several designers have been linked to a move to Armani - from some of the protegees who he has hosted in his show space, to Stefano Pilati who has been linked with a design role at the label ever since his departure from Yves Saint Laurent - and the company has also been rumoured to be in talks with conglomerates including LVMH and Hermès in relation to investment, the label is still independently controlled by Armani himself and his board of directors.
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