Giorgio Armani Hasn’t Decided What to Do With His Company Yet

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PARIS, FRANCE - JULY 05: Giorgio Armani arrives for the Giorgio Armani Prive Haute Couture Fall/Winter 2011/2012 show as part of Paris Fashion Week at Palais de Chaillot on July 5, 2011 in Paris, France.  (Photo by Francois Durand/Getty Images)
Giorgio Armani. Photo: Francois Durand/Getty Images

Last month, the Italian press speculated that he'd hand over his fashion house to "a social and cultural foundation" when he retires, but an Armani spokeswoman told WWD that Giorgio has no firm plans in place:

She said the designer will not sell to private-equity funds interested in short-term returns, nor to private investors with no understanding of fashion, but he would consider selling to a big group if a great offer were presented.

Just how big of a group? What are you guys doing later?