The 90-year-old, the most well-known fashion designer in Italy, has repeatedly dismissed inquiries regarding the company’s succession plans.
Since he established his empire almost fifty years ago, he has maintained solid control over it.
However, there has long been conjecture regarding its long-term destiny because it has no progeny to pass it on to.
“I can still give myself two or three years as head of the company,” Armani told Corriere della Sera, a daily newspaper in Italy. It would be detrimental, not more.
He indicated he wouldn’t remain longer when asked, but he added, “I can’t sleep at night.” I’ve lost the deep, restful sleep I used to get. I now construct my future in my dreams, which I have at night.
According to Armani, “I no longer have to be the one who says ‘Yes’ or ‘No'” in the workplace of the future.
Potential outside investors in his business have approached him with a little more vigor, he said, but “right now, I don’t see any openings.”
