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Giorgio Armani

FB Roundup: Godrej Group, Crown Resorts, Exor

November 8, 2021

Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.

Godrej family set to divide $4.1 billion empire

Godrej Group, the $4.1 billion family-controlled empire that declares it positively impacts the lives of one-third of India’s population every day, looks set to be amicably split between two branches.

The fourth-generation families of patriarch Adi Godrej (pictured left), 79, and his younger brother Nadir Godrej (pictured below), 70, are working on dividing the 124-year-old diversified group with their cousins Jamshyd Godrej, 72, and Smitha Godrej Crishna, 71, insiders reported.

FB Roundup: Exor, Ermenegildo Zegna, L Brands

July 23, 2021

Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.

Agnelli family’s Exor linked to Armani

The Agnelli family that made its fortune in the Italian auto industry is expanding its interests in luxury goods with apparent overtures to Armani, only months after acquiring a quarter-stake in Christian Louboutin.

Agnelli scion John Elkann (pictured left), 45, the billionaire chairman and chief executive of Exor, the family-controlled holding company, has been in talks with fashion designer Giorgio Armani, Reuters reported.

Employee ownership offers alternative for family business successions

May 16, 2019

Business principals looking to secure their legacy, but missing a family successor, could take inspiration from the founder of Richer Sounds who is transferring the bulk of his shares worth $4.4 million into an Employee Ownership Trust.

Pin ups: Investing in David Bowie’s artistic heroes

October 31, 2016

Bowie/Collector reveals David Bowie’s taste in art was as inquisitive and eclectic as his music. James Beech finds out why families should consider the opportunities for investment at the upcoming unique auction

David Bowie approached death as just another artistic expression of his life.

The Starman’s curation of his own transcendental legacy from beyond the grave should be a guiding light for other ultra-high net worth individuals consumed with protecting their empires once they are gone.

After Armani: Why family foundations are in fashion

August 19, 2016

Giorgio Armani would do well to consider motivation, guidelines and accountability when setting up a foundation to control his €2.64 billion ($2.9 billion) empire.

Giorgio Armani would do well to consider motivation, guidelines and accountability when setting up a foundation to control his €2.64 billion ($2.9 billion) empire.

This is the advice from the UK family office team of professional services network KPMG when CampdenFB asked what succession plans they would recommend to the Italian fashion designer.

Fashion and the family in Italy

July 12, 2012

When it comes to fashion, few countries get it as right as Italy. CampdenFB looks at some of Italy’s better-known family-controlled fashion houses – and the important role of the family within them.

When it comes to fashion, few countries get it as right as Italy. After all, the country has given rise to such iconic brands as Armani, Prada, Gucci and many, many more.

Prada dresses Italy’s Olympic sailing team

April 6, 2012

Everyone knows Italians take fashion seriously. So it should come as no surprise that the country’s national sailing team will wear clothing designed by one of Italy’s most famous fashion houses at the Olympic Games in London this summer.

Family-controlled Prada announced this week that it will create the outfits for both the athletes and the technical staff, as part of its sponsorship agreement with Federvela, the Italian sailing federation.

Armani: The family business isn't for sale

January 18, 2012

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

That's according to the company's chief executive, Giorgio Armani, who said the family business, which includes brands such as Emporio Armani and Armani Exchange, is not for sale.