17th Apr 2008
Armani Never Selling out…at least not till 90
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You will pry my company from my cold dead 90 year old hands was Giorgio Armani’s retort to a suggestion that he might go the way of Roberto Cavalli and sell his company to someone else. His main reasoning: he doesn’t need a partner who constantly focuses on numbers and the bottom line. He’s concerned about beauty. While there’s no doubt Armani has a legion of accountants to make sure he’s solvent, it’s pretty much certain that he calls the shots and no one can tell him what to do… ever.
Here’s the direct quote from WWD:
I am fine alone now, but not when I’ll be 90, [Funds] just want to make money and then leave. How could I talk to someone who only cares about the figures? I would rather consider a real partner, perhaps a group that already has a connection with us, that we know and that could complete the relationship with us.
Posted by Eva @ 8:37 am
