Giorgio Armani Talks Succession.(Giorgio Armani Calze plans to open more stores)(Financial report)

Byline: Miriam Elder

Giorgio Armani Talks Succession

MOSCOW

Giorgio Armani said Tuesday that he has begun assembling a close circle of executives to take over his company when his reign as one of the world's top designers comes to a close.

"I understand that eventually I will have to pass things on," Armani told a crowd of reporters and admirers here, where he will be presenting the fall collections of both Giorgio Armani and Emporio Armani.

"I am already organizing an entire team around me who understands what I do and will be, at some point, ready to step in and continue what I do," he said. "Of course, I am not eternal. There comes a …