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Armani

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.

Food is the new fashion for families

June 28, 2018

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Trapani, who sold his family’s stake in jeweller Bulgari to LVMH in 2011 for €4.8 billion ($5.5 billion), has added Italian pizza chain Briscola and gelato maker Geloso to his portfolio, alongside the 5% stake he owns in Tiffany.

FB Roundup: Cargill, Armani, and BMW Mini

July 27, 2017

Demand for meat drives Cargill profits, Armani reorganises as sales slip, and BMW to make e-Mini in UK

Demand for meat drives Cargill profits

Cargill, the US’s biggest private company, has made its largest profit in six years thanks to high consumer demand for meat.

The company’s protein business was the biggest contributor to its $3.04 billion adjusted earnings for the year ending 31 May, up 85% from $1.64 billion in the previous financial year. Net profit was $2.84 billion.

David MacLennan, chief executive, attributed the strong result to a two-year restructuring effort and favourable market.

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.

Armani announces management restructure to promote non-family

October 2, 2009

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions.

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions. The reshuffle also includes expanding the board of directors in a move that will professionalise the €1.6 billion company and dilute the input of the family.

A vacation with va-va-voom

September 1, 2004

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world’s stunning locations. Melanie Stern reports

Melanie Stern is section editor of Families in Business magazine.

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world's stunning locations. Melanie Stern reports

There's probably one brick in the walls of the Chrysler Building for every Louis Vuitton bag or Versace dress snapped up year in, year out; brand recognition for the luxury goods industry is positively booming.