[To learn English] Italy's fashion aristocracy risks learning that succession plans can age badly in a downturn. Italian daily La Repubblica has reported that Giorgio Armani's heirs may split an initial 15% stake in the designer's empire among his chosen bidders L'Oréal, LVMH and EssilorLuxottica. It looks like a practical move to comply with the Italian's will, but also brings fresh risks. The fact that Armani still looks no closer to a sale 8 months after the designer's passing may reflect both the complexities of the will, and the changing fate of the fashion sector. Armani stipulated that a 15% stake be sold initially, with a potential majority sale down the line, and identified three preferred bidders. The move reported by La Repubblica would still enable one of those three to eventually take control, but also suggests no single acquirer has come forward at the right price. That's not surprising given demand for luxury goods and clothing is falling. 意大利时尚贵族们正在领教：在行业低迷期，继承计划可能会迅速过时。据意大利《共和国报》报道，乔治·阿玛尼的继承人可能将设计师帝国最初15%的股份分给其选定的竞标者——欧莱雅、LVMH和依视路陆逊梯卡。这看起来是遵守这位意大利设计师遗嘱的务实之举，但也带来了新的风险。 阿玛尼在去世8个月后仍迟迟未能达成出售，这既反映了遗嘱的复杂性，也折射出时尚行业命运的转变。阿玛尼规定先出售15%的股份，后续可能实现多数股权出售，并指定了三家优先竞标者。报道称此举仍将使其中一家最终获得控制权，但也表明在当前奢侈品和服装需求下滑的背景下，尚未有单一买家以合适价格出手。 LearnEnglish Leave a remark
