Armani not ruling out merger or IPO

(ANSA) - ROME, APR 19 - Giorgio Armani has said his fashion group could undergo major changes when he is no longer at the helm, saying he was not ruling out a merger or a stock-market flotation.
    "Independence from the big groups could still be a value for the group in the future, but I don't feel I can exclude anything," the designer, who turns 90 in July, told Bloomberg.
    "(A stock-market) listing is something we haven't discussed yet, but it is an option that could be considered in the distant future". (ANSA).