Will Bernard Arnault’s LVMH Control The Empire Giorgio Armani Built?

Giorgio Armani's recent will highlights a significant shift in the luxury fashion landscape, acknowledging that true independence may no longer be viable without the scale that conglomerates like LVMH provide. This raises questions about the future of luxury brands and their ability to maintain their unique identities in an increasingly competitive market. As Bernard Arnault's LVMH continues to expand, the implications for smaller, independent brands could be profound, making this a pivotal moment in the industry.