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SUPERSTAR DESIGNERS: Giorgio Armani (above) hasn't made up his mind about what happens after him. The 80-year-old has no children, though his nephew and two nieces are on the board. He isn't in talks with any potential buyers either.
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SUPERSTAR DESIGNERS: Karl Lagerfeld (above) is known for his prolific work ethic. The 81-year-old has worked with Fendi for a half-century and - simultaneously - for Chanel since 1983. In his spare time he also designs for his own label.

Who will succeed Armani, Lagerfeld?

Giorgio Armani and Chanel designer Karl Lagerfeld are in their 80s and it will be tough to find someone to fill their shoes
May 2, 2015 5:50 AM

AT its core, the business of fashion is an endless quest for something new. Problem is, some of the biggest names are getting rather old.

Giorgio Armani and Chanel designer Karl Lagerfeld are in their 80s, Roberto Cavalli is 74, and Bernard Arnault, chairman of the company that owns Louis