Giorgio Armani Says His Luxury House Will Stay Independent

MILAN — Italian fashion designer Giorgio Armani said in a recent interview with business website Milano Finanza that his luxury house, Armnai will stay independent.

“I have always believed that economic independence was the fundamental principle to work in full freedom,” said Armani.

The iconic designer said he had been approached about selling the house many times “but the answer is always the same“.

He acknowledged that such sales can wound national pride, but said that they are a sign of the changing times and globalisation.

“For these houses, the esprit is Italian: if that can be kept intact, then international groups are suitable,” said Armani.

Armani, Italy‘s second luxury group behind Prada, created a foundation in 2016 which will make it difficult for any outsider to gain control or dismantle the firm. Armani plans to lead the foundation until his death.

The firm generated sales of 2.3 billion euros in 2017.

Photos Credit: Kim Weston Arnold / Indigital.tv