The Ralph-Mr. Armani Multibillion-Dollar Question

ralph lauren giorgio armani
However, neither company—not Ralph, not Armani—has a business model alignment with LVMH: Fundamentally, Ralph Lauren is not a luxury play, and Armani is not a leather goods business. Photo-Illustration: Puck; Photos: Masato Onoda/WWD/Peter White/Getty Images
Lauren Sherman
July 3, 2025

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A couple of weeks back, the Armani P.R. team sent out a statement noting that the company’s founder, Giorgio Armani, would not be taking his bow at the menswear shows in Milan—the first time in his 50 years in business that the designer, who turned 90 last year, would be absent. They were smart to get ahead of the story, noting that he was recovering from an illness, and explaining that he was determined to be present for the Armani Privé show in Paris on July 8, during Couture. But it nevertheless became a headline, picked up by the BBC and The Guardian.

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