Interviewed by the Financial Times in the corridors of his latest Venice show, the designer reiterates that he has no intention of selling his brand.
"These French groups want to take everything, I don't understand, it seems a bit ridiculous to me, why should I be dominated by one of these mega structures that lacks personality?".
A few years ago, the great Italian designer told Vogue magazine that he intended to partner with a major Italian company, sparking speculation that his legendary brand was up for sale. But now Armani denies it: "Everyone tells me to retire and enjoy the fruits of what I have built, but I say no, absolutely not."
The 89-year-old designer says that he is making plans for the future of the company: "I know that the Giorgio Armani company is identified with me, so it is my responsibility to make sure that it continues and maintains an image that reminds you of Mr. Armani."
The Financial Times notes that, while Valentino, Gucci and Versace have all been sold to foreign investors, Armani remains the sole owner of the company that bears his name. Armani is the second richest entrepreneur in Italy, after Nutella heir Giovanni Ferrero.
