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Giorgio Armani outlines succession plan

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Giorgio Armani has a succession plan in place to prevent his fashion empire from being split.

Armani, 83, says after he dies, three people named by him will be in charge of a foundation he created last year as a succession tool.

The foundation members will serve as the tie-breaker when the evenly numbered board of directors reaches an impasse.

Read more from The Associated Press.

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