New Delhi, Nov. 29 -- How Milan's Power Players Will Shape the Fate of a Fashion Icon

MILAN - The house of Giorgio Armani, long a bastion of unadorned elegance in a world of excess, has entered a new chapter with the appointment of a revamped board of directors tasked with navigating the empire through its most delicate transition yet. The move, announced late Thursday, comes months after the death of the brand's founder and creative soul, Giorgio Armani, who passed away at 91 in September, leaving behind a privately held conglomerate valued in the billions and a fashion empire that mandates a staged sale or public listing. The new board, blending family loyalists, longtime executives and fresh strategic minds, signals a deliberate pivot...