Armani’s future in focus as group denies any interest in Ferrari tie-up

Armani’s future in focus as group denies any interest in Ferrari tie-up

A Giorgio Armani logo is seen after the Italian designer said his Milan Fashion Week show would take place in an empty theater to safeguard the health of press and buyers after a coronavirus outbreak in northern Italy, in Milan, Italy, February 23, 2020. REUTERS / Cristiano Corvino

Speculation over the future of Italian fashion group Armani came to the fore on Wednesday after the Milanese brand said it had no interest in a tie-up with luxury sports car maker Ferrari (RACE.MI), as proposed in a plan by investment banks.

Succession plans at the firm founded by 86-year-old designer Giorgio …

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Armani's future in focus as group denies any interest in Ferrari tie-up

 

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