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Armani Taps BCG as Fashion Group Adapts to Post-Founder Era

Armani Taps BCG as Fashion Group Adapts to Post-Founder Era
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Armani Taps BCG as Fashion Group Adapts to Post-Founder Era Giorgio Armani SpA is working with Boston Consulting Group on ways to grow in a few key luxury segments before a stake-sale process is set to kick off later this year, according to people familiar with the matter. The Italian fashion group is evaluating expanding in hospitality and handbags — a crucial part of luxury that represents only a small part of Armani’s business, the people said, asking not to be named because the plan is...

Armani Taps BCG as Fashion Group Adapts to Post-Founder Era Giorgio Armani SpA is working with Boston Consulting Group on ways to grow in a few key luxury segments before a stake-sale process is set to kick off later this year, according to people familiar with the matter. The Italian fashion group is evaluating expanding in hospitality and handbags — a crucial part of luxury that represents only a small part of Armani’s business, the people said, asking not to be named because the plan is confidential. Armani has been working with a number of consultants on a business plan since the death of founder Giorgio Armani in September, the people said.
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Originally published by Bloomberg Markets Read original →