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Giorgio Armani’s Will Opens The Door To A Partial Sale Or IPO

Giorgio Armani’s Will Opens The Door To A Partial Sale Or IPO

The post Giorgio Armani’s Will Opens The Door To A Partial Sale Or IPO appeared on BitcoinEthereumNews.com. Topline For half a century, Giorgio Armani fiercely protected the independence of his company, yet following his passing, his will outlines a plan for gradually selling a stake in the Giorgio Armani Group or filing an IPO if a suitable buyer isn’t found, according to Reuters. TOPSHOT – Italian designer Giorgio Armani acknowledges the applause at the end of his presentation for Armani Prive during the Women’s Haute-Couture Spring/Summer 2025 Fashion Week to mark its 20th anniversary, in Paris on January 28, 2025. (Photo by JULIEN DE ROSA / AFP) (Photo by JULIEN DE ROSA/AFP via Getty Images) AFP via Getty Images Key Facts Giorgio Armani left 40% control of the business to longtime collaborator and menswear leader Pantaleo Dell’Orco. The Giorgio Armani Foundation, which has the responsibility of naming a new corporate CEO, will receive 30% of shares and its holdings must never fall below that level. Family members, niece Silvana Armani, who oversees the womenswear line, and nephew Andrea Cameana, sustainability managing director, receive 15% each and sister Rosanna, who sits on the board, and niece Rosanna receive non-voting shares. The will specifies that not before one year but within 18 months, his heirs may sell up to 15% of the company, followed by the sale of a second 30% to 54.9% tranche of shares to the same buyer after three to five years Armani named preferred buyers as luxury market leader LVMH group, as well as licensing partners EssilorLuxottica and L’Oréal. Alternatively, if a suitable buyer is not found, a similar share of stock can be floated on a public stock exchange – preferably in Italy or another of the same standing – with the foundation retaining a minimum of 30.1% shares. Key Background Since establishing his namesake brand in 1975, Giorgio Armani maintained tight control of…
Margot Robbie And Dakota Johnson Go With ‘Naked’ Looks At Premieres

Margot Robbie And Dakota Johnson Go With ‘Naked’ Looks At Premieres

The post Margot Robbie And Dakota Johnson Go With ‘Naked’ Looks At Premieres appeared on BitcoinEthereumNews.com. LONDON, ENGLAND – SEPTEMBER 11: Margot Robbie attends the “A Big Bold Beautiful Journey” UK Premiere at the Odeon Luxe Leicester Square on September 11, 2025 in London, England. (Photo by Tristan Fewings/Getty Images) Getty Images Margot Robbie went with what is being described “barely there” ensemble while Dakota Johnson had her own “naked dressing” look during pair of events on Thursday night in London and New York, according to The Hollywood Reporter. Robbie, who stars opposite Colin Farrell in director Kogonada’s upcoming fantasy romance A Big Bold Beautiful Journey, made a bold appearance at the film’s U.K. premiere in London at the Odeon Luxe Leicester Square. ForbesAre ‘Downton Abbey: The Grand Finale’ Rotten Tomatoes Reviews Grand?By Tim Lammers The Barbie and I, Tonya Oscar nominee’s dress is from Giorgio Armani Privé’s spring 2025 couture collection, according to The Hollywood Reporter. THR said Robbie wore the dress as a tribute to Armani, who died on Sept. 4 at age 91. Johnson’s went with a Gucci dress by Kate Young at the Caring for Women Gala in NYC, THR reported. See photos below of Robbie and Johnson in their “barely there” attire at the events. LONDON, ENGLAND – SEPTEMBER 11: (EDITORS NOTE: This image contains nudity.) Margot Robbie attends the “A Big Bold Beautiful Journey” UK Premiere at the Odeon Luxe Leicester Square on September 11, 2025 in London, England. (Photo by Joe Maher/Getty Images) Getty Images Margot Robbie appeared on A Big Bold Journey red carpet in London on Thursday. LONDON, ENGLAND – SEPTEMBER 11: (EDITORS NOTE: This image contains nudity.) Margot Robbie attends the “A Big Bold Beautiful Journey” UK Premiere at the Odeon Luxe Leicester Square on September 11, 2025 in London, England. (Photo by Joe Maher/Getty Images) Getty Images Margot Robbie’s Giorgio Armani Privé’s spring 2025 couture…
Tether Introduces a New Stablecoin – Will It Surpass USDT?

Tether Introduces a New Stablecoin – Will It Surpass USDT?

The post Tether Introduces a New Stablecoin – Will It Surpass USDT? appeared on BitcoinEthereumNews.com. Tether has introduced USAT, its new US-regulated dollar-backed stablecoin. The company also announced the appointment of Bo Hines as CEO of Tether USAT. The new token aims to offer businesses and institutions a digital alternative to cash with transparent reserves, US-based management and strict compliance standards, according to the statement. Tether, the world’s largest stablecoin provider, currently controls USDT, the most widely used token with a market capitalization exceeding $169 billion. Used as a digital dollar in developing countries and communities with limited access to banking, USDT has reached approximately 500 million users. The company also garnered attention for exceeding $13 billion in profits in 2024. The new stablecoin, USAT, will be compliant with the recently enacted GENIUS Act. The token will be issued by Anchorage Digital, with Cantor Fitzgerald handling reserve custody. It will also utilize Tether’s tokenization platform, Hadron. Tether CEO Paolo Ardoino made the following statement in the announcement: “For over a decade, USDT has been the backbone of the digital economy. With USAT, we are bringing that same power to a US-led regulated framework. This new step will ensure the dollar not only survives in the digital age, but grows even stronger.” Bo Hines, who is preparing to take over as CEO, stands out with his experience in regulatory affairs, business, and innovation. Hines, who previously served as Executive Director of the White House Crypto Council, commented on USAT: “By building a transparent and reliable dollar-backed stablecoin that complies with US regulations, we will reinforce the dollar’s fundamental role in the digital asset ecosystem.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/tether-introduces-a-new-stablecoin-will-it-surpass-usdt/