Ammon News - Giorgio Armani - the founder of the luxury Italian fashion house which takes his name - says he plans to retire within the next two or three years.

The 90-year-old, who is Italy's most famous fashion designer, has previously brushed off questions about succession plans for the company.

He has remained firmly in control of his empire since he founded it nearly 50 years ago.

But with no children to pass it on to, there has long been speculation about its long-term future.

Armani told the Italian daily newspaper Corriere della Sera: "I can still give myself two or three years as head of the company. Not more, it would be negative."

When pushed on whether he'd stay longer, he said he would not, before adding: "I can't sleep at night. I no longer know the deep and peaceful sleep I once had. Now I dream at night, and in my dreams, I build my future."

Sky News